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Money is a matter which is:
a measure of value
accepted as a means of exchange
used to store wealth
All of these
- Option 1: Money acts as a measure of value. It helps compare the worth of different goods and services, enabling transactions.
- Option 2: Money is widely accepted as a means of exchange, which facilitates trade by eliminating the need for barter systems.
- Option 3: Money is used to store wealth, meaning it can be saved and retrieved in the future, maintaining its value over time.
- Option 4: All of these. Money possesses all these characteristics, making it a versatile financial tool.
Option 4 - All of these: Money measures value, serves as a medium of exchange, and stores wealth, fulfilling all these roles effectively. .
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