Register

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

Define medium of exchange. Any item that can be traded for another item.
asked 110k views
2 votes
Define medium of exchange. Any item that can be traded for another item.

asked
User Lxbndr
by
7.3k points

1 Answer

6 votes
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.
answered
User Jacoblambert
by
8.6k points
← Prev Question Next Question →

No related questions found

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

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!