How do mediums of exchange affect trade?

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asked Oct 16, 2020 122k views

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Gamerson · Answer 1 · 2020-10-19T10:51:27+0000

Answer:

A medium of exchange is an intermediary instrument or system used to facilitate the sale, purchase or trade of goods between parties. For a system to function as a medium of exchange, it must represent a standard of value. ... In modern economies, the medium of exchange is currency.

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How do mediums of exchange affect trade?

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How do mediums of exchange affect trade?