Question

Nina pays jonathan $ 500 to paint her garage. jonathan spends the $ 500 on food.nina pays jonathan $500 to paint her garage. jonathan spends the $500 on food. this scenario shows how money functions as a

Answer 1

In the given scenario, this is an example of medium of exchange. Medium of exchange is being defined as a way of using intermediary instruments in means of having the sale to be facilitated or to be able for the both parties to trade or purchase goods.