Discuss the function of Money as a medium of exchange
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Functions of Money
Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange. Unit of Account: It is a standard numerical unit of measurement of market value of goods, services, and other transactions.
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Answer:
Functions of Money
Explanation:
Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange. Unit of Account: It is a standard numerical unit of measurement of market value of goods, services, and other transactions.
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