Why are transaction made in money? Explain with suitable example
Answers
Answer:
this answer is written according to my belief and knowledge if u have any doubt or problem u can mention in the comment section below
Explanation:
The transaction is made in money because
* By paying money we needn't exchange our good for it
* we are actually paying the exact amount through money as for example
a man need shoes so he consult to a shoe maker where the shoe maker need leather in exchange of shoes. which would cost a lot to the man so its better to pay him money so that he could give the exact amount of shoe
* money transaction is also safe as nobody can cheat or misuse somebody's things
Answer:
this answer is written according to my belief and knowledge if u have any doubt or problem u can mention in the comment section below
Explanation:
The transaction is made in money because
* By paying money we needn't exchange our good for it
* we are actually paying the exact amount through money as for example
a man need shoes so he consult to a shoe maker where the shoe maker need leather in exchange of shoes. which would cost a lot to the man so its better to pay him money so that he could give the exact amount of shoe
* money transaction is also safe as nobody can cheat or misuse somebody's things