Difference between revisions of "Medium of exchange"

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(Created page with "Medium of exchange whatever is widely accepted as a method of payment. ==Definition== According to Principles of Economics by Timothy Taylor (3rd edition), :Medium...")
 
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[[Medium of exchange]] whatever is widely accepted as a method of payment.
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[[Medium of exchange]] is whatever is widely accepted as a method of payment.
  
  

Revision as of 09:37, 2 June 2020

Medium of exchange is whatever is widely accepted as a method of payment.


Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Medium of exchange. Whatever is widely accepted as a method of payment.