ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The consumer receives goods after paying money.
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A standard of deferred payment
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Store of value
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of value
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Medium of exchange
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Explanation:
Detailed explanation-1: -A medium of exchange is a portable instrument that is used as an intermediary to facilitate the sale and purchase of goods between parties. In modern economies, the medium of exchange is currency. A currency must remain reasonably stable in value in order for it to work as an intermediary.
Detailed explanation-2: -Bartering is the exchange of goods or services.
There is 1 question to complete.