Question

why are tranection made in money?

Answer 1

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Money is authorised by the government of the country and no one can refuse it , so it act as an intermediate the use of money make exchange of things easier and eliminates the need of double coincidence of wants. This is because use of money eliminates the need of double coincidence of wants.

Answer 2

Answer:

1 Answer. Everyone prefers to receive payments in money and then exchange the money for things they want. ... The transactions are made in money because a person holding money can easily exchange it for any commodity or service that he or she wants.