why transactions are made in money?
Answers
As we know that all the transactions were made in ancient times were in form of a thing. Like if I want rice & you want utensils then I will give you utensils & in return I will get rice but what if I don’t have the thing which you want or if you don’t have the thing or commodity which I want then how needs or services will be going to fulfilled . Hence to avoid all things problem money is introduced which represent the same value of the thing / commodity or services.
So if don’t have anything but I have the money then I can buy the thing which I want & I can offer my services in market to get money which will be inter-mediator of all needs. Money provides the single & regulated market to society & business world.
Explanation:
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