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(a) Explain the meaning of money. (b) Describe in detail three (3) stages recognized by various Writers in the development of money. (c) Discuss

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(a) Explain the meaning of money. (b) Describe in detail three (3) stages recognized by various Writers in the development of money. (c) Discuss the circumstances in which a commercial bank may dishonour a cheque.

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a Money can be defined as a widely accepted medium of exchange that is used to facilitate transactions of goods and services It serves as a unit of account a store of value and a medium for deferred p... blur-text-image

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