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!
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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Leave an answer
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
Leave an answer
Leave an answer
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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
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