Products or services
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
It serves as a medium of exchange.
They mean that it serves as a way of exchange commodities.
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system.
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.
It serves as a medium of exchange.
They mean that it serves as a way of exchange commodities.
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system.
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 is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
The most important requirement for money to be medium of exchange is the value of money.
Money is a medium of exchange that is widely accepted in transactions. It serves as a unit of account, a store of value, and a standard of deferred payment in the economy.
Money!
Being a medium of exchange refers to a function where a good or asset is widely accepted in transactions to facilitate trade and barter. It serves as a way to exchange goods and services without the need for a direct barter system, increasing efficiency in trade. Money is the most common example of a medium of exchange in modern economies.