How does money act as a …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Shahnawaz Akhtar 6 years, 4 months ago
- 3 answers
Aman Kumar 6 years, 4 months ago
Related Questions
Posted by Kapil Dev Saroye 11 months ago
- 0 answers
Posted by Chirag Jindal 11 months ago
- 0 answers
Posted by Anisha Grover 1 month, 3 weeks ago
- 0 answers
Posted by Sakshi Patel 11 months ago
- 1 answers
Posted by Shristi Pandey 1 month ago
- 0 answers
Posted by Sudhanshu Choudhry 11 months ago
- 1 answers
Posted by Sai Sravika Godavarthi 11 months ago
- 1 answers
Posted by Armaan Ali 11 months ago
- 1 answers
Posted by Siddhanth Aravind 7 months, 3 weeks ago
- 0 answers
Posted by Vansh Singh 11 months ago
- 1 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Gaurav Seth 6 years, 4 months ago
Money acts as a medium of exchange because any good can be bought or sold with the money as their value is already decided in the market in terms of money. A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency.
1Thank You