When we say that money serves as a medium of exchange, we mean that it is:
A)a way to keep some of our wealth in a readily spendable form for future use.
B)a means of payment.
C)a monetary unit for measuring and comparing the relative values of goods.
D)declared as legal tender by the government.

Question

Quizplus · Accepted Answer

Money as a medium of exchange means it is used as an intermediary instrument to facilitate the sale, purchase, or trade of goods between parties.

When We Say That Money Serves as a Medium of Exchange