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What Is Money and What Important Function Does It Perform

question 37

Essay

What is money and what important function does it perform? Explain how it overcomes the disadvantages associated with barter.What conditions are necessary for people to accept paper currency in exchange for the goods and services, which they sell?


Definitions:

Amylase

An enzyme found in saliva and pancreatic fluid that helps in the digestion of carbohydrates by breaking them down into sugars.

Pancreatitis

Inflammation of the pancreas, which can cause severe abdominal pain and is often associated with excessive alcohol consumption or gallstones.

Cholangiopancreatography

A medical imaging technique used to visualize the bile ducts and the pancreatic duct.

Pancreatic Amylase

An enzyme produced by the pancreas that aids in digesting carbohydrates by breaking down starches into sugars.

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