this is a function of money in which any item-such as currency-that wildely accepted in exchange of other goods or services.

2 answers:

7 0

Money serves many functions in a economy; one of which is as the Medium Of Exchange. This is a function in which a wildly accepted item, such as currency, is used in exchange of other goods or services.

ExtremeBDS [4]3 years ago

5 0

Medium Of Exchange is a function of money in which any item-such as currency-that wildly accepted in exchange of other goods or services

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I hope this information can help you.

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Assume that the U.S. inflation rate is lower than the New Zealand inflation rate. This will cause U.S. consumers to ____ their i

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