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Currency is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency.
Ref: alpari.com/en/beginner/glossary/
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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
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.
What is the value of currency in one country compared with the value of currency in another?
This is called the Exchange Rate. You can look up exchange rates in newspapers, or in the internet.
Why us dollar is the medium of exchange?
The American Dollar is one of the most commonly used currencies and hence it is a preferred medium of exchanges for parties who do not share the same currency.
What is money called when it is accepted for goods and services?
A medium of exchange
Why is currency called medium of exchange?
Currency is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency. Ref: alpari.com/en/beginner/glossary/
What circulates as a medium of exchange?
CURRENCY
Circulated as a medium of exchange?
CURRENCY
Why did the Persians use currency?
As a medium of exchange.
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 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.
What is an economist's definition of currency?
"Currency' is money in any form when in actual use as a medium of exchange, especially circulating paper money.
What is Megabyte money?
Megabytes money is a medium of exchange , frequently replacing currency and checks as a system of payments .
What is the currency of china and how many would you get for a pound?
As of 2013, China's currency is called the renmimbi; the main unit is called the yuan. Since exchange rates constantly change, go to an online site specialized in currency exchange (for example, the XE site), to get the latest exchange rate.
What is the value of currency in one country compared with the value of currency in another?
This is called the Exchange Rate. You can look up exchange rates in newspapers, or in the internet.
Is currencey and money synonyms antonyms or homophone?
The answer is synonyms because currency has to do with money
