16++ Money is a medium of exchange because Trading

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Money Is A Medium Of Exchange Because. Money is a medium of exchange. Medium of Exchange The primary function of money is that it acts as a medium of exchange. Please log in or register to add a comment. That money which is accepted as a medium of exchange because of the trust between the payer and the payee.

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D does only b and c of the above. Land there are no transaction costs involved. In India no individual can refuse to accept a payment made in rupees. People hold money because it is a medium of exchange that can be used to carry out everyday transactions. B reduces transaction costs. This is because by definition a medium of exchange conveys a part of ones assets ready to be traded for goods and ser-vices from other people whereas a means of pay-ment eg checks may not carry any value and only help deliver money.

Previous Edition 32 Because it is a medium of exchange money.

_____ money is accepted as a medium of exchange because of the trust between the payer and the payee. Money a commodity accepted by general consent as a medium of economic exchange. In India no individual can refuse to accept a payment made in rupees. Money is a medium of exchange. Transfer purchasing power from the present to the future. Rupee is the legal tender in India.

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2 The precautionary motive. Bartering was one way that people exchanged goods for other goods before money was created. Money is used as a medium of exchange because its the intermediary in the exchange process. Money is a medium exchange because buyers and sellers agree to its common value. Rupee is the legal tender in India.

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Money can be liquid cash balances in accounts at commercial banks and time deposits like a. When we want to measure and record economic value we use money as the a. Anything in the market can be bought and sold with it. C-C economy is an economy dominated by barter system of exchange. Money is the medium of exchange used for exchanging goods commodities or properties.

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Transfer purchasing power from the present to the future. _____ money is accepted as a medium of exchange because of the trust between the payer and the payee. Barter system of exchange. Money is used as a medium of exchange because both the buyer and the seller understand the value. IiThe Reserve Bank of India issues currency notes on behalf of the Central Government.

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One major advantage of money serving as a medium of exchange is that it allows society to A. As currency it circulates anonymously from person to person and country to country thus facilitating trade and it is the principal measure of wealth. Before money barter system was present in the society Modern money currency is accepted as a medium of exchange because. Medium of Exchange The primary function of money is that it acts as a medium of exchange. Money is called medium of exchange because money is a widely accepted token that can be used for exchange of any good or service.

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They are given below. In old days barter system was used as medium of exchange and later it was gold. Converted into the economys medium of exchange determines the liquidity of that asset. Currency and financial accounts might not have any value on their own but money becomes valuable when everybody agrees to use it. B reduces transaction costs.

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One major advantage of money serving as a medium of exchange is that it allows society to A. 2 The precautionary motive. C-C economy is an economy dominated by barter system of exchange. _____ money is accepted as a medium of exchange because of the trust between the payer and the payee. Please log in or register to add a comment.

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The currency is authorized for exchange by the government of the country. Why is money accepted as a medium of exchange in India. Like gold and other precious metals money has worth because for most people it represents something valuable. The medium of exchange role by an ad hoc restriction that goods can be acquired only using money. Money is a medium of exchange.

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Money is called medium of exchange because money is a widely accepted token that can be used for exchange of any good or service. Rupee is the legal tender in India. Means of payment must be money. Why is money accepted as a medium of exchange in India. Previous Edition 32 Because it is a medium of exchange money.

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This is because by definition a medium of exchange conveys a part of ones assets ready to be traded for goods and ser-vices from other people whereas a means of pay-ment eg checks may not carry any value and only help deliver money. Money is used as a medium of exchange because its the intermediary in the exchange process. They are given below. The functions of money can be known from its definition. Money is a medium of exchange.

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That money which is accepted as a medium of exchange because of the trust between the payer and the payee. Currency and financial accounts might not have any value on their own but money becomes valuable when everybody agrees to use it. That money of which money value is more than commodity value. Money is a medium of exchange. It means that money act as an intermediary for the goods and services in an exchange of transaction.

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Means of payment must be money. Contrary to other assets eg. It allows people to obtain what they need to live. The modern currency is used as a medium of exchange because it is accepted and authorized as a medium of exchange by a countrys government. It allows people to obtain what they need to live.

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Land there are no transaction costs involved. Money a commodity accepted by general consent as a medium of economic exchange. That money of which money value is more than commodity value. IThe currency is authorised by the government of the country. It allows people to obtain what they need to live.

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Money is a medium of exchange. Converted into the economys medium of exchange determines the liquidity of that asset. Before money barter system was present in the society Modern money currency is accepted as a medium of exchange because. IiThe Reserve Bank of India issues currency notes on behalf of the Central Government. Money in terms of coins whose commodity value is equal to the money value as and when these are issued.

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When we want to measure and record economic value we use money as the a. It allows people to obtain what they need to live. C is not allowed to earn interest. The modern currency is used as a medium of exchange because it is accepted and authorized as a medium of exchange by a countrys government. Money is the medium of exchange used for exchanging goods commodities or properties.

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IThe currency is authorised by the government of the country. Money a commodity accepted by general consent as a medium of economic exchange. People hold money because it is a medium of exchange that can be used to carry out everyday transactions. Money can lose its value during periods of hyperinflation. Anything in the market can be bought and sold with it.

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It allows people to obtain what they need to live. Land there are no transaction costs involved. It means that money act as an intermediary for the goods and services in an exchange of transaction. Why is money accepted as a medium of exchange in India. Money is a medium exchange because buyers and sellers agree to its common value.

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Anything in the market can be bought and sold with it. IiThe Reserve Bank of India issues currency notes on behalf of the Central Government. This is beneficial because neither party is confused about its worth. Use of money as a medium of exchange has removed the major difficulty of double coincidence of wants in the barter system. One major advantage of money serving as a medium of exchange is that it allows society to A.

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Money is a medium exchange because buyers and sellers agree to its common value. The currency is authorized for exchange by the government of the country. For example if a piece of land has to be sold in order to get cash quickly one might have to settle for a lower price. When we want to measure and record economic value we use money as the a. B reduces transaction costs.

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