Define medium of exchange. Any item that can be traded for another item.

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asked Apr 14, 2022 110k views

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Jacoblambert · Answer 1 · 2022-04-20T01:03:52+0000

Modern currency i. e. Money is a medium of exchange used to exchange for services.
Any item that can be traded for another item was done in older days with the name of barter system.

Define medium of exchange. Any item that can be traded for another item.

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