Money acts as an intermediate in the exchange process. It is called a {fill_ regular}.

see full answer

Talk to JEE/NEET 2025 Toppers - Learn What Actually Works!

Real Strategies. Real People. Real Success Stories - Just 1 call away

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Money is an intermediate in the exchange process. It is called a Medium of Exchange.
In a barter system, where goods are immediately swapped without the need for money, the double coincidence of wants is essential. Money eliminates the issues with the barter system by acting as a medium of exchange. Nobody has the legal right to legally object to using money as a medium of exchange for goods or services because the nation's government has authorised it. Thus, it can be concluded that money acts as an intermediary in the exchange process.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th