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one of the major functions of money is?

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Economics WAEC 2017

one of the major functions of money is?

  • medium of exchange checkmark
  • stable in value
  • store of value
  • acceptance by the central bank

The correct answer is: A

Explanation

Money's most important function is as a medium of exchange to facilitate transactions. Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another.

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