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Home/Questions/Why is money considered a better medium of exchang...

Why is money considered a better medium of exchange compared to barter?

Class 7Social ScienceFrom Barter to Money

Verified Answer

Money is considered a better medium of exchange because it eliminates the need for a double coincidence of wants, provides a common measure of value, and allows for the storage of value over time. This makes transactions simpler, quicker, and more efficient than the barter system, facilitating trade on a larger scale.