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Anjana Sodhani
Anjana Sodhani
Asked: 3 years ago2022-11-08T19:46:42+05:30 2022-11-08T19:46:42+05:30In: Class 10

Why money is called medium of exchange?

Why money is called medium of exchange?
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  1. b34a2
    2022-11-06T20:57:02+05:30Added an answer about 3 years ago

    Bcoz it\’s the easiest way for transfer of goods
    It can be used for transaction of good
    Becos it can be yaed for transaction of goods

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Tabeed Bhai Mangat
Tabeed Bhai Mangat
Asked: 3 years ago2022-11-03T18:48:05+05:30 2022-11-03T18:48:05+05:30In: Class 10

Why money is called medium of exchange!

Why money is called medium of exchange!
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  1. e34e1
    2022-11-07T19:16:41+05:30Added an answer about 3 years ago

    Money is the most liquid asset because it is universally recognised and accepted as the common currency. In this way, money gives consumers the freedom to trade goods and services easily without having to barter.
    Money is called medium of exchange as it is something which is used for transactions….Hope this answer will help u…Gud luck!

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Atul Gade
Atul Gade
Asked: 3 years ago2022-11-02T23:08:15+05:30 2022-11-02T23:08:15+05:30In: Class 10

Why money is called medium of exchange

Why money is called medium of exchange
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  1. 36c73
    2022-11-01T07:09:41+05:30Added an answer about 3 years ago

    Money is called the source of exchange because invalid system of exchange there is too many problems beautiful the substance cannot be changed one who needs and other substance and one who made that trust and cannot be exchanges to each other so there is important questions that what is the means of a chance to change any substance then hear the idea of money arrives and money still using for the exchange of any goods and services in the market

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