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in dcw two parties should agree to buy and sell each other commodities but money slove this complex situation by acting as intermediate for all commodities
EG
Q * ALL THE TRANSACTION MADE WITH MONEY IT IS BECAUSE OF FOLLOWING REASONS
IT IS STANDARD UNIT FOR DETERMING VALUE OF GOOD AND SERVICES
IT ACT AS MEDIUM OF EXCHANGE AND ALLLOW EVERYNE TO BUY ANY COMMODITY OR SERVICE WHICH TEY WANT
IT ELEMINATE THE PROBLEM OF DOUBLE COINCIDENCE OF WANTS
Q* MONEY IS ACCEPTED AS MEDIUM OF EXCHANGE BECAUSE
IT IS AUTHOTISED BY CENTRAL GOVT OF COUNTRY
IN INDIA IT IS AUTHORISED BY RBI
NO OTHER THAN RBI CAN ISSUE MODERN FORMS OF MONEY
AS PER LAW NO INDIVIDUAL CAN REFUSE TO PAYMENT MADE IN CURRENCY
q* role of bank
Q*
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