Question

why money is accepted as medium of exchange ​

Answer 1

Answer:

Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange because: ... No individual can legally refuse payment in rupees so it is used as a medium of exchange.

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Answer 2

Answer:

◆ ▬▬▬▬▬▬ ❴꧁RISHIK꧂❵ ▬▬▬▬▬▬ ◆

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Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange because: ... No individual can legally refuse payment in rupees so it is used as a medium of exchange.

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◆ ▬▬▬▬▬▬ ❴꧁RISHIK꧂❵ ▬▬▬▬▬▬ ◆