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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
How do money and muscle power play an important role in elections? Explain.
How do the deposits with banks become their source of income?
Describe the vital and positive role of credit with examples.
How is money used in everyday life? Explain with examples.
Explain with examples how people are involved with the banks.
In situations with high risks, credit might create further problems for the borrower. Explain.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
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.
