question_answer

How does the use of money make it easier to exchange things? Give an example.

Answer:

Money makes the things easier as:

(i) It is in the form of authorised paper currency which gives the guarantee of the mentioned price to the owner.

(ii) It has general acceptability.

(iii) Its price remains constant compared to other commodities.

(iv) It can be stored easily and doesn?t need much space.