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illustrates the roles of moneyroles of moneya a

Illustrates the roles of money?

Roles of Money:

a. A medium of exchange

An asset which individuals obtain for the intention of trading quite than for their own consumption.

b. A store of value

Holds and acquire purchasing power over time.

c. A unit of account

Measure utilized to set prices and make economic computations

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Finance Basics: illustrates the roles of moneyroles of moneya a

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