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Functions Of Money
The core roles money plays in an economy, including serving as a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.
Medium Of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.
Unit Of Account
A common unit for measuring the value of each good or service.
Store Of Value
Anything that retains its purchasing power over time.
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