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  • 28-04-2022
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why are mediums of exchange useful for societies

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  • 28-04-2022

Answer:

Allows for greater efficiency in an economy and stimulates an increase in overall trading activity

Explanation:

Using a medium of exchange allows for greater efficiency in an economy and stimulates an increase in overall trading activity. In a traditional barter system, trade between two parties can only happen if one party has a commodity that another party desires, and vice versa.

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