asked 71.5k views
2 votes
The most common medium of exchange in modern economic systems is

1 Answer

2 votes

Answer:

In economics, a medium of exchange is any item that is widely acceptable in exchange for goods and services. In modern economies, the most commonly used medium of exchange is currency.

answered
User Pankaj Upadhyay
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.