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Q: When it is a means of paying for goods and services and discharging debts, money is referred to as a
A: When it is a means of paying for goods and services and discharging debts, money is referred to as a medium of exchange.
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Asked 7/15/2012 8:49:47 PM
Updated 1/11/2016 10:08:09 AM
1 Answer/Comment
Flagged by emdjay23 [1/10/2016 7:23:13 PM], Edited by Andrew. [1/11/2016 10:08:07 AM], Unflagged by Andrew. [1/11/2016 10:08:09 AM]
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When it is a means of paying for goods and services and discharging debts, money is referred to as a medium of exchange.
Added 1/10/2016 7:23:12 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [1/11/2016 10:08:08 AM]
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