what is money?
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A current medium of exchange in the form of coins and bank notes
A current medium of exchange in the form of coins and bank notesThe best example of money that illustrates its properties is gold.
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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