Looking for something?

Who's Online

We have 159 guests and no members online

Frequently Asked Questions - medium of exchange

FAQs - medium of exchange

Explanation: 

Involves comparing the importance of function of money as a medium of exchange as compared to barter (the direct exchange of goods and services for other goods and services without using money )

The problem with barter was that it relied on a double coincidence of wants, this wasn’t always possible and the use of money as a means of exchange avoids this. 

Money is also significantly better as a measure of value, a store of value and a standard for deferred payments.

Visit our Shop on 

 

VISIT

Crosswords

PDF FILE

Download

MindMaps

PDF FILE

Download

Cheatsheets

PDF FILE

Download

Testimonials

Joomla Module OT Testimonial powered by OmegaTheme.com