what is the role of mony in economy?

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what is the role of mony in economy?

2006-10-08 21:36:59 · 5 answers · asked by Anonymous in Social Science ➔ Economics

5 answers

it is the medium of exchange of goods,products &services.

2006-10-08 21:42:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋

1. As a means of exchange (to overcome the limitations of the barter system, which relies on the so called "double coincidence of wants").
2. As a store of value.
3. As a government policy instrument (via interest rates and money supply)

2006-10-09 16:18:39 · answer #2 · answered by Nic 1 · 0⤊ 0⤋

money replaces bartering as a means of trading goods and services.

2006-10-09 05:15:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋

mony? alimony? antimony? what the heck is mony???

2006-10-09 04:51:25 · answer #4 · answered by MC 7 · 0⤊ 0⤋

ummmm to buy things

2006-10-09 04:43:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋