Question

define money and its components​

Answer 1

Answer:

Components of Money. Economists, financial analysts and government officials speak about money and its role in the economy. The U.S. money supply consists of currency, checking accounts, traveler's checks, money market funds and savings deposits.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.

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