wy are transactions made in money?
Answers
Answered by
4
Hi here is your answer
Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of a blacksmith. He wants to sell tools in the market and buy rice. The blacksmith will first exchange tools that he has produced for money and then exchange the money for rice.
The transactions are made in money because a person holding money can easily exchange it for any commodity or service that he or she wants.
Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of a blacksmith. He wants to sell tools in the market and buy rice. The blacksmith will first exchange tools that he has produced for money and then exchange the money for rice.
The transactions are made in money because a person holding money can easily exchange it for any commodity or service that he or she wants.
piscisagi1217:
mhmm i see , matured enough
what does that mean? i just joined this thing so am kinda unaware of featired in this app
features*
done tho!
Answered by
1
because money is globally acceptable form through which we can compare the values of goods and services.
HOPE THIS WILL HELP. PLEASE MARK AS BRAINLIEST AND FOLLOW ME.
HOPE THIS WILL HELP. PLEASE MARK AS BRAINLIEST AND FOLLOW ME.
Similar questions