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The function of money is:
Medium of Exchange
Measure of Value
Store of Value
All the above
- Medium of Exchange:
- Money allows people to buy and sell goods and services.
- It eliminates the need for barter by acting as an intermediary.
- Measure of Value:
- Money provides a standard unit for comparing the value of goods and services.
- It simplifies transactions by quantifying worth.
- Store of Value:
- Money can be saved and retrieved in the future with stable value.
- It preserves purchasing power over time.
Option 4: All the above
- Money fulfills all these roles, making it an essential part of the economy.
By: santosh ProfileResourcesReport error
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