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In Business / High School | 2025-07-07

What 3 things define money?
A. protected by government, a unit of account, and a store of value
B. a medium of exchange, protected by government, and a unit of account
C. protected by government, a store of value, and a medium of exchange
D. a medium of exchange, a store of value, and a unit of account

Asked by brigieomalley

Answer (2)

Money is defined by three characteristics: it serves as a medium of exchange, a store of value, and a unit of account. These features facilitate transactions, allow savings, and enable price comparisons. Understanding these functions is crucial for economic literacy. ;

Answered by GinnyAnswer | 2025-07-07

Money is characterized by three key functions: it acts as a medium of exchange, serves as a store of value, and functions as a unit of account. These features facilitate transactions, saving, and price comparisons within an economy. Therefore, option D is the correct answer.
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Answered by Anonymous | 2025-07-08

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