Which of the following acts as the medium of exchange?
Services
Money
Goods
Market
Money acts as a medium of exchange. The major function of money is to facilitate the process of exchange by removing the defects of the barter system
The function by which money acts as a standard measure of market value for goods, services and other transactions is called ___.
Which of the following terms refer to inflows of money into the circular flow of goods and services?
Which of the following refers to money in terms of measurement of value of all goods and services?