How is money used as a medium of exchange? Explain

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#1

How is money used as a medium of exchange? Explain with Examples.


#2

Money acts as an intermediate in the exchange process. Following example justify the use of money as a medium of exchange
(i) In day-to-day transactions, goods are being bought and sold with the use of money.
(ii) The transactions are made in money as a person holding money can easily exchange it for any commodity or services.