Money as a Medium of Exchange

IMPORTANT

Money as a Medium of Exchange: Overview

This topic covers concepts such as Barter System, Double Coincidence of Wants, and Money as a Medium of Exchange.

Important Questions on Money as a Medium of Exchange

HARD
IMPORTANT
Social Science>Money and Banking>Money as a Medium of Exchange> Q 1

The invention of money eliminated the problem of double coincidence of wants.

MEDIUM
IMPORTANT
Social Science>Money and Banking>Money as a Medium of Exchange> Q 2

Under the Barter System goods were exchanged for goods.

EASY
IMPORTANT
Social Science>Money and Banking>Money as a Medium of Exchange> Q 3

Cotyledons are also called-