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प्रश्न
How does money act as a medium of exchange?
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उत्तर
Money acts as a medium of exchange by facilitating the process of exchange and by removing the defects of the barter system.
संबंधित प्रश्न
Why is modern currency accepted as a medium of exchange without any use of its own? Find out the reason.
How do the deposits with banks become their source of income?
How can money easily exchange it for goods or services? Give example to explain.
What is the meaning of 'barter system'?
Which one of the following is the appropriate meaning of collateral?
How does money solve the problem of double coincidence of wants? Explain with an example.
Explain with examples how people are involved with the banks.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
Analyse the role of credit for development.
How does the use of money make it easier to exchange things? Give an example.
