ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To be a good medium of exchange, money must be ____
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readily available
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accepted by people for goods and services
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easily earned
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only currency
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Explanation:
Detailed explanation-1: -Money As a Medium of Exchange Money enables anyone who possesses it to participate as an equal market player. When consumers use money to purchase an item or service, they are effectively making a bid in response to an asking price. This interaction creates order and predictability in the marketplace.
Detailed explanation-2: -Currency is a medium for exchange of goods and services.
There is 1 question to complete.