How is money beneficial in transactions? - Vidyadip

Question

How is money beneficial in transactions?

✓

Answer

Money beneficial in transactions: It eliminates the need for double coincidence of wants. It act as a medium of exchange.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Question-Answer [1M - ECONOMICS]" from Unit 4 Ch 3 : Money and Credit→Unit 4 Ch 3 : Money and Credit — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

What do sellers usually do when there is a complaint regarding a good or service that had been bought?

How can problem of underemployment be reduced by the government?

Give one advantage to China and disadvantage to India with import of Chinese toys.

Given that a large number of people in our country are poor, does it in any way affect their capacity to borrow?

What factor led to the consumer movement?

For the following (you can add to the list) products/ services discuss what safety rules should be observed by the producer?
Medicines.

What are the main ‘terms of credit’?

Which organisation does recognize ‘Political Parties’ in India?

For the following (you can add to the list) products/ services discuss what safety rules should be observed by the producer?
Cinema theatre.