Purpose of Money

Exchanging goods or services of equal value is called

replaces the need for bartering.

Money allows us to exchange

for goods and services.

Question

Social Studies

Ryleigh

8 January, 06:10

Purpose of Money

Exchanging goods or services of equal value is called

replaces the need for bartering.

Money allows us to exchange

for goods and services.

+4

Answers (2)

Know the Answer?

Andrew · Answer 1

Answer: Exchanging goods or services of equal value

Explanation:

In society there is something called market. The market is a space, not always a physical one, where transactions of goods and services are made between an offering party and a demanding party. These parties can be actual persons or they can be companies.

Markets exist because ever since humans started living in society, there was always someone who needed something that another person had. That is, the market exists because there are needs that must be handled and someone has enough resources to cover them.

Greyson Clark · Answer 2

The answer to this is first two options

Explanation:

Because it replaces the need for batering which was a major thing back in the 17th century, as well as modern day exchanges for good and services.

Purpose of MoneyExchanging goods or services of equal value is calledreplaces the need for bartering.Money allows us to exchangefor goods and services.

Purpose of Money

Exchanging goods or services of equal value is called

replaces the need for bartering.

Money allows us to exchange

for goods and services.