l Money is anything that is widely accepted as a medium of exchange. It also acts as

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l Money is anything that is widely accepted as a medium of exchange. It also acts as a unit of account and provides a means of storing current purchasing power for the future. Without money, exchange would be both costly and tedious.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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