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What Is Money? Definition, History, Types, and Creation Money is any item or medium of exchange that symbolizes perceived value As a result, it is accepted by people for the payment of goods and services, as well as for the repayment of loans
Money | Definition, Economics, History, Types, Facts . . . Money, a commodity accepted by general consent as a medium of economic exchange It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth
What Is Money? - The Balance Money is anything that acts as a store of value and a medium of exchange; it only has value because people agree that it does Because money is based on an agreement, the actual currency can be any sort of physical item, or it could be entirely electronic
What is money? Why do we use money? - Market Business News Put simply; money facilitates exchanges in the economy It also acts a unit of account In other words, we use it to measure the value of various goods and services in an economy
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