Economy, asked by kanhaiyakumarks88, 6 months ago

why we considered money as a medium of exchange?​

Answers

Answered by Anonymous
5

Answer:

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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