A medium of exchange is an item that people use specifically to transfer purchasing power from the present to the future.

Name: A medium of exchange is an item that people use specifically to transfer purchasing power from the present to the future.
Brand: Quizplus
Rating: 5.0 (31 reviews)

Question

Quizplus · Accepted Answer

A medium of exchange is used to facilitate transactions in the present by providing a common item that is widely accepted in exchange for goods and services, not to transfer purchasing power to the future.

A Medium of Exchange Is an Item That People Use