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

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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.

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