0
Is money a medium of exchange for people to trade things of value?
Wiki User
∙ 13y ago
Yes, money is a generally accepted medium of exchange, which facilitates the trade of things of value, measurable in monetary terms. Those are just two of the functions of money.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is Megabyte money?
Megabytes money is a medium of exchange , frequently replacing currency and checks as a system of payments .
What is the difference between money and near money?
money is anything which is accepted as a medium of exchange. E. g. Hard cash say Rs 100 note. Near money is not money but very near to money say Bill of exchange, Deposit certificate.
Is any medium of exchange that is widely accepted in payment for goods and services and in settlement of debts?
it's money
Which of the following most accurately explain why commodity money has value?
Commodity money is a good that can be used as a medium of exchange or for some other purpose.
Why do people need to earn money?
money is merely convenience,a medium exchange. its neither moral or immoral. how you use it is what counts. its perhaps the best invention of mankind. bartering in an electronic age is unreasonable. are you going to pay your rent with goats or by cleaning their barn? the idea that money or wealth is evil is a myth. the love of money and all things material are the downfall or morality. materialism is the evil you seek, not money.
How does having money make life easier?
Money is a medium of exchange for good and services. What this means is, you can give people money to get them to give you things and do things for you. With the help of other people, life is much easier.
Why is money called a medium of exchange?
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
Why money is called medium of exchange?
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
What is the most important requirement for money to be a medium of exchange?
The most important requirement for money to be medium of exchange is the value of money.
Why money serves as a medium of exchange?
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
In modern economies what is the medium of exchange?
Money!
What gives fiat money its value as a medium of exchange?
Laws set by the government give Fiat money its value as a medium of exchange. Unlike traditional money or currency, it has no good which act as a medium to back it up.
Money serves as a medium of exchange by?
Products or services
Why money facilitates trade?
It serves as a medium of exchange.
What is money called when it is accepted for goods and services?
A medium of exchange
What function of money allows freedom of choice?
medium of exchange
