Question

PLZ ANSWER THIS .....................

Answer 1

Answer:

1...Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.

2...Money solves the problem of double coincidence of wants by acting as a medium of exchange. Double coincidence of wants implies a situation where two parties agree to sell and buy each other's commodities., i.e., what one party desires to sell is exactly what the other party wishes to buy.

3....Money as a standard medium of payments can easily be exchanged for any commodity or service because transactions involving money only involve the use of money which in turn is very convenient as against the double coincidence of wants. 2. ... Money is, thus, the most convenient and time-saving medium of exchange

Answer 2

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HERE IS UR ANSWER

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• Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange

• Money solves the problem of double coincidence of wants by acting as a medium of exchange. Double coincidence of wants implies a situation where two parties agree to sell and buy each other's commodities., i.e., what one party desires to sell is exactly what the other party wishes to buy.

• Money can be easily exchanged for goods and services ,as it acts as an intermediary in the exchange process,by being a medium of exchange . so,one can buy goods and services with the help of money