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Means of Exchange

A farmer has ...

Question

A farmer has 5 kg of wheat and wants to sell it to a merchant and asks him to pay with a particular currency. What is being asked for in exchange for the grain?

A

Money

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B

Goods

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C

Services

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D

Labour

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Solution

The correct option is A Money
Here, an exchange of money is happening. The farmer asks the merchant to pay in currency, which involves the exchange of money for the wheat.

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