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Trading without the use of money is called?
Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.
What was the main purpose of the wampum?
Wampum was money to the Native American culture...their medium of exchange.
Why was edo and important city to the tokugawa rulers?
It was important because banking flourished and paper money became the normal medium of exchange in business transaction
Why is the internet an example of an interactive environment?
This very question is a classic, and almost perfect, example. Through your connection with the Internet, you are able to post this question on WikiAnswers. Through myInternet connection, I am able answer this question of yours, which in turn indicates that we had interaction. The Internet provides a nice electronic medium (environment) for this exchange, and many, many others.
The medium of communication for effective library?
The medium of communciation for effective library
Why is money called a medium of exchange?
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
Why money is called medium of exchange?
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
What does it mean to be a medium of exchange?
Being a medium of exchange refers to a function where a good or asset is widely accepted in transactions to facilitate trade and barter. It serves as a way to exchange goods and services without the need for a direct barter system, increasing efficiency in trade. Money is the most common example of a medium of exchange in modern economies.
Why money serves as a medium of exchange?
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
What is some examples of medium of exchange?
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
What is the most important requirement for money to be a medium of exchange?
The most important requirement for money to be medium of exchange is the value of money.
What circulates as a medium of exchange?
CURRENCY
Circulated as a medium of exchange?
CURRENCY
What was the Mayans medium of exchange?
SALLTT
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
What is a exchange in the stock market?
An Exchange in a stock marketrefers to the common place where investors go to buy/sell shares.Its an organized medium through which investors can trade in shares without any difference.
What does the word MONIES mean?
The most common medium of exchange; functions as legal tender.The official currency issued by a government or national bank.
