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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?
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.
In situations with high risks, credit might create further problems for the borrower. Explain.
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.
Explain the meaning of 'Currency'.
