Characteristics of Money

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3 Questions

Money is only accepted for the repayment of loans, not for the payment of goods and services.

False

It is primarily scientists who define money, where it comes from, and what it's worth.

False

Economies do not rely on money to facilitate transactions and to drive financial growth.

False

Learn about the multifaceted nature of money as a medium of exchange and store of value. Understand how money facilitates transactions, powers financial growth, and is defined by economists.

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