When Ricky sells his used desk for $50, money is a _____.

1 answer:

4 0

In that case, money is a medium of exchange

in the past, we use barter (exchanging goods) system to require new goods.
For example, if i want a fresh bag of potatoes, i will give you a dozen of eggs.

Now, we use an intermediary called money for trading to avoid inconvenience in barter ( some time an equal value)me the goods that was exchanged in barter dont have an equal value.

This intermediary is called medium of exchane

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