4. Give meaning of money. State its different forms.
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Answer:
money:
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. ... Moneyoriginates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange.
money comes in three forms: commodity money, fiat money, and fiduciary money. Most modernmonetary systems are based on fiatmoney. Commodity money derives itsvalue from the commodity of which itis made, while fiat money has value only by the order of the government.
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Answer:
The transfer of issencial things with help of assumed standard and that standard is called money.
Explanation:
Money is in form of coins, notes, bitcoins, etc
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