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sleet_krkn [62]
2 years ago
6

How does money function as a medium of exchange?

Social Studies
1 answer:
Alisiya [41]2 years ago
5 0
First, money serves as a medium of exchange, which means that money acts as an intermediary between the buyer and the seller. ... This money is then used to buy shoes. To serve as a medium of exchange, money must be very widely accepted as a method of payment in the markets for goods, labor, and financial capital.
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