Economy, asked by Aneerwat, 1 year ago

why money is called a medium of exchange..... guys easy wording answer plz...

Answers

Answered by maushami888
0
Money eliminates coincidence of wants a person holding money can exchange it for any goods or services that he or she might need since many acts as an intermediate in the exchange process si it is called the medium of exchange
Answered by Ps2002
0
money is called a medium of exchange because when we want something from someone they need something in exchange means that they don't want to give it away in free  so we the people of this world made money as the medium of exchange by which we can take away things in exchange of it

may this was in easy wordings and hope it helped you
thank you
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