English, asked by jsgshska, 6 months ago

why money is called a medium of exchange?

Answers

Answered by 234578
14

Explanation:

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 medium of exchange and later it was gold.

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