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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 is the most important requirement for money to be a medium of exchange?
The most important requirement for money to be medium of exchange is the value of money.
Why money serves as a medium of exchange?
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
Describes the exchange of currencies what best describes the exchange of currencies?
Money from one country is bought using money from another country.
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
What is money and baking?
generally, Money is the medium of exchange of goods and service in an effective way
Why money is called medium of exchange?
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
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 is the most important requirement for money to be a medium of exchange?
The most important requirement for money to be medium of exchange is the value of money.
Why money serves as a medium of exchange?
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
Describes the exchange of currencies what best describes the exchange of currencies?
Money from one country is bought using money from another country.
In modern economies what is the medium of exchange?
Money!
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
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.
Money serves as a medium of exchange by?
Products or services
Why money facilitates trade?
It serves as a medium of exchange.
Which describes the type of exchange that does not use money?
Bartering
