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how does money act as medium of exchange?

Money  acts as a medium of exchange as it is a link between the exchange of commodities . Earlier in the barter system , double coincidence of wants was an essential feature that made difficult for the buyers to find  person who buys his commodity at the same time wishes to sell a commodity of the buyer's choice , But now since money does not have it's own value in modern times it's key role is of a " medium" of exchange .
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Money acts as an effective medium of exchange because it serves as a common mode through which people can buy and sell according to their convinence.The use of money did away with the barter system and ended the problem of double coincidence of want.Money made it easier to carry out trading activities. It acts as an intermediate in the exchange process and facilitates the buying and selling of things at ease. In simple terms, money has made the exchange process simpler !!!! Thumbs up if it helped!!!!
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A person holding money can easily exchange it for any commodity or service he or she might want.Therefore everyone prefers to receive payments in money and then exchange the money for things they want
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it made the exchange process easier
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If monet is used in an economy by providing the crucial intermediate step,it eliminates the need for double coincedence of wants and become a medium of exchange
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IT IS BECAUSE WE CAN BUY GOOD AND SERVICES  IF THERE MONEY IN OUR POCKET..
 
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I GAVE THE ANS FOR 1MARK.
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Money acts as an intermediate in the exchange process. Following example justify the use of money as a medium ofexchange (i) In day-to-day transactions, goods are being bought and sold with the use of money. (ii) The transactions are made in money as a person holding money can easily exchange it for any commodity or services (iii) Use of money has made things easier to exchange as we can exchange it for any commodity we need.
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Nic vandna
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It acts as an intermediate in the exchange process and transactions. We can buy things if we have money in our pockets. Hope this will help you!!!!
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hmmm
 
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Money act as intermidet form of exchange as it uses for buying goods and services
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Please find this answer

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It eliminates the criteria of double coincidence of wants.
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When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange. Unit of Account: It is a standard numerical unit of measurement of market value of goods, services, and other transactions.
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Money acts as an intermediate in the exchange process. It also removes the problem of double coincidence of wants.
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Money-acts as a medium of exchange

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How does currency act as
a medium of exchange
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