Advertisements
Advertisements
प्रश्न
How does money act as a medium of exchange?
Advertisements
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 money and muscle power play an important role in elections? Explain.
How do the deposits with banks become their source of income?
Describe the vital and positive role of credit with examples.
Why one cannot refuse a payment made in rupees in India?
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.
In situations with high risks, credit might create further problems for the borrower. Explain.
Explain the meaning of 'Currency'.
