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Bank of China.
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Exam-style questions
1 Which option is a characteristic of money?
A Medium of exchange
B Portability
C Store of value
D Unit of account
۵
€
Commercial banks
2 Which term describes the act of swapping items in exchange for other
[1]

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GinnyAnswer

Final answer:

Money functions as a medium of exchange, unit of account, and store of value.


Explanation:

Money serves as a medium of exchange, a unit of account, and a store of value. It allows for the efficient exchange of goods and services, provides a common measure of value, and enables saving for future use.


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