Why is money readily accepted as a medium of exchange?
soumya320:
hi r u of class 10
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Answered by
1
It is a uniform value. In olden days things were exchanged
For eg 1 kg rice for half kg dal
But after the money everyone can buy a material for a fixed rate across a country
For eg 1 kg rice for half kg dal
But after the money everyone can buy a material for a fixed rate across a country
Answered by
2
Money is a good thing that can be easily exchanged for any subject or thing we need because it is applicable globally. Due to the easy picking it has been chosen as a medium of exchange.
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