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Why is money called a 'medium of exchange' ?Because money can create loanBecause money adds to the value of a commodityBecause money acts as an intermediate in the process of exchangeBecause money is portable24.1 What Is Money? – Principles of EconomicsMedium of Exchange: Definition, How It Works, and ExampleWhy is the rupee widely accepted as a medium of exchange?Question
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Goods and services can be bought and sold with the use of money. For example, someone who wants shoes can buy it with money and if someone wants to sell shoes, that also can be done by receiving money. ... Money is used as a medium of exchange because it's the intermediary in the exchange process.
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