Question

Explain the term Money,​

Answer 1

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Money can be defined as anything that people use to buy goods and services. Most countries have their own kind of money, such as the United States dollar or the British pound. Money is also called many other names, like currency or cash.

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Answer 2

Answer:

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. ... Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange