How the money acts as a …

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How the money acts as a medium of exchange?

Posted by Harsh Varman 5 years ago

CBSE > Class 10 > Social Science

3 answers

Avichal Jain 5 years ago

Moneys act medium of exchange because 1. Lack of double conincidence of wants 2.Lack of store of value 3.money stands for differ payment 4.money haves common unit of value

1Thank You

Vani Vashisht 5 years 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.

3Thank You

Pravin Yedage 5 years ago

I will provide a example. Imagine you go to a shop. You purchase something of 100Rs. You will give him a paper of rectangular shape which has the face of Gandhi. That paper is India's Paper Currency. This is how money acts as a medium of exchange.

3Thank You

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