Question:
What is Money?
What is Money?
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Remember the three core functions of money with the acronym "M.U.S.": Medium of exchange, Unit of account, and Store of value.
Updated On: Oct 7, 2025
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Solution and Explanation
Money is anything that is generally accepted as a medium of exchange for goods and services and for the repayment of debts. It serves three primary functions: a medium of exchange, a unit of account (a measure of value), and a store of value.
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