Economy, asked by sanskriti94, 1 year ago

Why is money called medium of exchange?

Answers

Answered by nkhelwar
10
earlier barter system is used where goods are exchanged but thats not a good alternative so coins started gaining popularity in terms of money and this helps to purchase a good which you want and also to the seller
Answered by StudentTwin02
7

HI

Since money acts as an intermediate in the exchange process, it is called a medium of exchange.

Hope it proved to be beneficial...

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