How does money function as a medium of exchange?

A. It allows people to buy, sell, and trade goods efficiently.
B. It has a value that is set and changed by the government.
C. It can be made of paper, metal, or many other materials.
D. It can be used to compare the value of different products.

Money functions as a medium of exchange by acting as a universally accepted means to facilitate the exchange of goods and services. It allows for efficient buying, selling, and trading transactions, making it easier than bartering. Additionally, as a unit of account, money provides a common measure of value for different products, simplifying comparisons and pricing. Furthermore, money serves as a store of value, enabling individuals to hold onto it and make future purchases confidently.

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How does money function as a medium of exchange?A. It allows people to buy, sell, and trade goods efficiently.B. It has a value that is set and changed by the government.C. It can be made of paper, metal, or many other materials.D. It can be used to compare the value of different products.

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Other Questions

How does money function as a medium of exchange?

A. It allows people to buy, sell, and trade goods efficiently.
B. It has a value that is set and changed by the government.
C. It can be made of paper, metal, or many other materials.
D. It can be used to compare the value of different products.