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प्रश्न
How does money act as a medium of exchange?
उत्तर
Money acts as a medium of exchange by facilitating the process of exchange and by removing the defects of the barter system.
संबंधित प्रश्न
Why is modern currency accepted as a medium of exchange without any use of its own? Find out the reason.
How do the deposits with banks become their source of income?
How can money easily exchange it for goods or services? Give example to explain.
Why one cannot refuse a payment made in rupees in India?
Which one of the following is the appropriate meaning of collateral?
How does money solve the problem of double coincidence of wants? Explain with an example.
In situations with high risks, credit might create further problems for the borrower. Explain.
Analyse the role of credit for development.
Explain the meaning of 'Currency'.
How does the use of money make it easier to exchange things? Give an example.
