Question

what is meant by medium of exchange

Answer 1

Answer:

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A Medium of exchange is an intermediary instrument or system used to faciliate the sale, purches, or trade of goods between parties.

Explanation:

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Answer 2

Answer:

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.

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