Economy, asked by Sambhawna201, 8 months ago

What do you mean by medium of exchange ?

Answers

Answered by Diku14
3

Answer:

The medium of exchange

Explanation:

A medium of exchange is an intermediary instrument or system used to facilitate the sale, purchase or trade of goods between parties. For a system to function as a medium of exchange, it must represent a standard of value. ... In modern economies, the medium of exchange is currency.

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