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| 1. |
Money acts as an intermediate in the exchange process explain? |
| Answer» By serving as a medium of\xa0exchange,\xa0money removes the difficulties associated with the Barter System.\xa0Money is authorised by the government of the country and nobody can legally refuse it as a medium of\xa0exchange\xa0for goods or services. Thus, it can be concluded that\xa0Money acts as an intermediate in the exchange process | |