ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a medium of exchange in the sense that we all agree to accept it in making transactions.
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Barter
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Money
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Bank
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Foreclosures
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Explanation:
Detailed explanation-1: -In modern economies, the medium of exchange is currency.
Detailed explanation-2: -1. It is accepted as a medium of exchange because the currency is authorized by the Government of India. 2. In India, the Reserve bank of India issues currency notes on behalf of the Central Government of India.
Detailed explanation-3: -Bobby Seale Quotes Money is the medium of exchange, and it’s how you make things happen.
Detailed explanation-4: -Most forms of money are categorised as mediums of exchange, including commodity money, representative money, cryptocurrency, and most commonly fiat money.
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