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17 August, 14:10

How do mediums of exchange affect trade?

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  1. 17 August, 14:29
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    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.

    Explanation:

    Economics
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