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Why money is called a medium of exchange? |
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Answer» Medium of exchange. A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. ... A medium of exchange permits the value of goods to be assessed and rendered in terms of the intermediary, most often, a form of money widely accepted to buy any other good. I mean to say it provides economic freedom to the people Because it helps in exchange of goods and services Because it is easily acceptable It provides econo |
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