money is called a medium of exchange because it acts as an intermediate in exchange of commodities
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
The most important requirement for money to be medium of exchange is the value of money.
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
Commodity money has become a medium exchange. This money has a common value and can be easily divided. Generally, a single item that would be accepted in exchange for other goods. For example: Coins, gold, grains, silver, currency, etc.
aureus (gold), the denarius (silver), the sestertius (bronze), the dupondius (bronze), and the as (copper
Gold was not invented- it is a natural metal found in the earth. It has been used as a medium of exchange (money) for over 6000 years.
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
President Grant did not support the use of paper money as a medium of exchange.
depends on what form of currency or gold or medium of exchange in 2000 and now/Gold much more than the dollar or Enron stock.
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
The most important requirement for money to be medium of exchange is the value of money.
CURRENCY
CURRENCY