A medium of exchange is
A) an asset that is used to settle future debts.
B) a measure by which prices are expressed.
C) an object that sellers will accept as payment.
D) the thing traded when barter takes place.

Question

Quizplus · Accepted Answer

A medium of exchange is an object that sellers will accept as payment. It is what makes trade easier because people do not have to find someone who has exactly what they want and is willing to trade for what they have. Instead, they can use the medium of exchange (such as currency) to buy what they want from anyone who is willing to accept it as payment.

A Medium of Exchange Is