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Define money

Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.

   Related Questions in Microeconomics

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  • Q : Kinked demand curve about product price

    When an oligopolist is aware about the firm faces a kinked demand curve, this: (1) may cut price along with little expected reaction by rivals. (2) can avoid consumer demand and preferences. (3) may keep product price despite large ch

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