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medium of exchange
medium of exchange
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
medium of exchange
medium of exchange
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
The most important requirement for money to be medium of exchange is the value of money.
CURRENCY
CURRENCY
SALLTT
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
water is an example of a medium.