Use of money separates the acts of sale and purchase.
True or False with Reasons:
Use of money separates the acts of sale and purchase
Anurag Pathak Changed status to publish December 15, 2023
True,
Money as a ‘Medium of Exchange’ enables a person to buy or sell at different points of time.
Money works as a medium of exchange:
As a medium of exchange, money has removed the major difficulty of lack of double coincidence of wants in the barter system.
It separates the acts of sale and purchase of goods and services and helps both parties in obtaining maximum satisfaction.
A buyer can buy goods through money and a seller can sell goods for money.
Anurag Pathak Changed status to publish December 15, 2023
