Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
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
commodity money is a good that can be used as a medium of exchange or for some other purpose
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/
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 serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system.
aureus (gold), the denarius (silver), the sestertius (bronze), the dupondius (bronze), and the as (copper
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
The 1 million Australian dollar does not exist and cannot be used as medium of exchange. The highest denomination in banknotes for Australia is the $100 note which was released in 1984.
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.
commodity money is a good that can be used as a medium of exchange or for some other purpose
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/
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/