Question

Why money has expected as a medium of exchange in one word answer?

Answer 1

Heya..

See here for your answer :-

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Money has expected as a medium of exchange because..

• It is authorized by govt...

( it's the one word ) authorized by govt

Explaiination ...

It is formal and compulsory to accept because govt authorized it and economic Transactions can be made only by this...

Thank you

Answer 2

Money is needed in every situation of life we exchange money to get product or service. Money can replace the original price of goods or service which can satisfy both giver or taker❤