Define money-

Question

Define money-

Toppr Admin · Accepted Answer

Money is the universally accepted medium of exchange- To smoothen the process of transaction- an intermediate good is necessary which is acceptable to both parties- such a good is called money-xA0-

Define money.

Money is the universally accepted medium of exchange. To smoothen the process of transaction, an intermediate good is necessary which is acceptable to both parties, such a good is called money.