Define money? What are the features of money.
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Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.
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- Money can particularly be defined as the world. Without money, one is nothing in this world. Whenever we want to buy or exchange any things we need a medium which is called money..
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