200k views
5 votes
How do mediums of exchange affect trade

User Mtrw
by
5.6k points

1 Answer

1 vote

A medium of exchange allows greater efficenency in an economy and also stimulates a rise in overall trading activity. In a barter system, trade between two groups or people can only happen if one party has something the other party really really wants.

User Ajeesh
by
5.6k points