how infletino affects the functions of money
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ADVERTISEMENTS: Money serves as a medium of exchange and facilitates the buying and selling of goods, thereby eliminating the need for double coincidence of wants as under barter. A man who wants to sell wheat in exchange for rice can sell it for money and purchase rice.
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A medium of exchange facilitates economic transactions. As long as the same money is going to be accepted as payment, inflation will not affect this function. ... Inflation erodes the value of money; it does not keep its value. Something that costs a certain amount today will cost more tomorrow.
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