Wiki User
∙ 14y agojust that; an exchange. Maybe a sale?
its called a trade
Wiki User
∙ 14y agoThis is known as bartering, where goods or services are exchanged without the use of money. It involves a direct trade of goods or services between two parties.
Buying and selling commodities is known as trading. It involves the exchange of raw materials or primary agricultural products between buyers and sellers in the market.
Am in nairobi where i can exchange oman money in to kenyan money
It help us in means of exchange because it act as medium of exchange
Commodity metals such as aluminum, copper, tin are usually quoted per ton. The Shanghai Metals exchange offers a good comprehensive overview of most metals.
The company known as Thomas Exchange Global facilitates foreign currency exchanges and allows you to order and transfer money at some of the best exchange rates available.
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
They mean that it serves as a way of exchange commodities.
Money is what people use as the predominant item in exchange for everything else in the market. Commodities on the other hand can be useful by themselves and therefore usually do not qualify as a good type of money with the notable exception being gold and perhaps silver.
Money has three functions, being a: 1) store of value; 2) unit of account; 3) medium of exchange. The first, a store of value, implies that money maintains and stores its value over time - unlike many other mediums of exchange, which can depreciate. Money is intended to be storeable, retrievable, and reuseable as a medium of exchange itself. Therefore, being a store of value does not mean that money can be used to measure the value of other commodities - that is its third function, medium of exchange.
To exchange their surplus commodities for other commodities they needed. To make a financial profit from trading commodities and services.
To exchange their surplus commodities for other commodities they needed. To make a financial profit from trading commodities and services.
The Stock Exchange The Commodities Exchange The Energy Exchange
Information about commodities exchange is best found on a government website. There you will find accurate information about where to find them and what the laws are dealing with commodities exchanges.
To traffic or trade, by exchanging one commodity for another, in distinction from a sale and purchase, in which money is paid for the commodities transferred; to truck., To trade or exchange in the way of barter; to exchange (frequently for an unworthy consideration); to traffic; to truck; -- sometimes followed by away; as, to barter away goods or honor., The act or practice of trafficking by exchange of commodities; an exchange of goods., The thing given in exchange.
Foreign Traders trade on behalf of us risking there money & trade wit commodities & foregin exchange....
Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.