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Money is medium of exchange? why

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Money is medium of exchange? why

Posted by Sharad Yadav 6 years, 1 month ago

CBSE > Class 10 > Social Science

2 answers

Kapil Rao Shab 6 years, 1 month ago

Because it is authorized by RBI and nobody can refuse to take

1Thank You

Saurav Kumar 6 years, 1 month ago

Money is a medium of exchange because buyers and sellers agree to its common value. Money can lose it value during periods of hyperinflation, when too much money is dumped into an economy.

2Thank You

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CBSE > Class 10 > Social Science