Why is money accepted as a medium of exchange ?
a. Accepted by all
b. Legal Sanction
c. Issued by RBI
d. All of these
Answers
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0
Explanation:
A Accepted by all is the right answer
Answered by
1
Answer:
money helps to facilitate trade because people in the economy generally recognize it as valuable. Money is called medium of exchange because money is a widely accepted token that can be used for exchange of any good or service. In old days barter system was used as exchange and then gold..
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