Question

why money is selected as a medium of exchange even if it has no its own value​

Answer 1

Because,

Before the medium of exchange were goods but the problem was if I need Suger and I want to give wheat but he don't want wheat than problem arises.

To overcome these problem commodity to money system was adopted.

Also to make money equal a certain value for all gods were decided and also money was given certain cost.

Therefore today we have pecised value for goods and for money.

hope it helps...

Answer 2

Explanation:

becausee

1)it act as an intermediate in the exchange Process.

2)if there is no money than people demands double coincidence of wants.

3)money provides the crucial intermediate step to eliminate the need for the double coincidence of wants.

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