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Today, there is money exchange to take the place of the exchange of goods. Instead of bring 100 pounds of flour to trade for 100 pounds of salt you can pay for the salt in paper bills that the other person can then turn around to buy your flour with. It is a lot easier than carrying around all the goods you are willing to trade. It is also a way to accumulate wealth without having to store a bunch of items.
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Is exchange an abstract noun?
no it is not because u can pick up and carry an exchange such as new money for old money the new money can be the exchange for the old money
Is exchange abstract noun?
no it is not because u can pick up and carry an exchange such as new money for old money the new money can be the exchange for the old money
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 are the money exchange rates in Great Britain?
Coinmill.com has a current money exchange calculator on their website. This calculator includes many countries currency to exchange from. The country's money to exchange from would have to be provided.
What is the premium on money in a currency exchange?
Agio is the term for the premium on money in a currency exchange.
What is a 4 letter word for to exchange something for money?
To exchange something for money is to 'sell' it.
What is the money exchange of a euro?
this depends on what money you want to exchange, please be more specific
Is it illegal to exchange money with people on the street?
No, it is legal to exchange money with people on the street.
Trading without the use of money is called?
Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.
Where can one exchange Canadian money for American money?
You can exchange Canadian money for American money at any bank. There are also little places like Money Mart, or other cash advance stores that will exchange it for you as well.
How can you obtain money exchange licence in India for small money exchange of the tourists?
Can any one tell me what is the process to get a RBI license for setting up a small Money Exchange to buy and sell foreign exchange.
