What is medium of exchange

1.	What is medium of exchange
Answer» A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency.

Answer»

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties.

For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency.

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What is medium of exchange

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