Medium of exchange
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. By contrast, as Othien James Jevons argued, in a barter system there must be a coincidence of wants before two people can trade – one must want exactly what the other has to offer, when and where it is offered, so that the exchange can occur. A medium of exchange permits the value of goods to be assessed and rendered in terms of the intermediary, most often, a form of money widely accepted to buy any other good.
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Medium of exchange
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. By contrast, as Othien James Jevons argued, in a barter system there must be a coincidence of wants before two people can trade – one must want exactly what the other has to offer, when and where it is offered, so that the exchange can occur. A medium of exchange permits the value of goods to be assessed and rendered in terms of the intermediary, most often, a form of money widely accepted to buy any other good.
has abstract
A medium of exchange is an int ...... ccepted to buy any other good.
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Znak pieniężny – emitowany prz ...... ych mających wartość wymierną.
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交易媒介是在交易中用以避免以物易物系統造成的不便的媒介。在現代交易媒介多為貨幣。
@zh
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738,972,968
comment
A medium of exchange is an int ...... ccepted to buy any other good.
@en
Znak pieniężny – emitowany prz ...... ych mających wartość wymierną.
@pl
交易媒介是在交易中用以避免以物易物系統造成的不便的媒介。在現代交易媒介多為貨幣。
@zh
label
Medium of exchange
@en
Znak pieniężny
@pl
交易媒介
@zh