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.
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
Commodity money has become a medium exchange. This money has a common value and can be easily divided. Generally, a single item that would be accepted in exchange for other goods. For example: Coins, gold, grains, silver, currency, etc.
aureus (gold), the denarius (silver), the sestertius (bronze), the dupondius (bronze), and the as (copper
Gold was not invented- it is a natural metal found in the earth. It has been used as a medium of exchange (money) for over 6000 years.
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
President Grant did not support the use of paper money as a medium of exchange.
depends on what form of currency or gold or medium of exchange in 2000 and now/Gold much more than the dollar or Enron stock.
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
The most important requirement for money to be medium of exchange is the value of money.
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
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