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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.
Which one of the following refers to investment?
(A) The money spent on religious ceremonies
(B) The money spent on social customs
(C) The money spent to buy assets such as land
(D) The money spent on household goods
How can money easily exchange it for goods or services? Give example to explain.
Describe the vital and positive role of credit with examples.
What is the meaning of 'barter system'?
How does money solve the problem of double coincidence of wants? Explain with an example.
How is money used in everyday life? Explain with examples.
Explain with examples how people are involved with the banks.
In situations with high risks, credit might create further problems for the borrower. Explain.
Analyse the role of credit for development.
