10th Class Social Science Money and Credit Question Bank Short Answer Type - Money and Credit

  • question_answer
    How money serves as a medium of exchange?

    Answer:

    Money as the Medium of Exchange.
    People exchange goods and services through the medium of money. Money acts as a medium of exchange or medium of payments. A person holding money can easily exchange it for any commodity or service that he might want. It acts as an intermediary in the process of exchange. 
     


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