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Questions and Answers
What is the definition of money according to economists?
What is the definition of money according to economists?
According to economists, money is anything that people are willing to accept in exchange for goods.
What are the three functions of money according to the text?
What are the three functions of money according to the text?
The three functions of money are as a medium of exchange, a store of value, and a measure of value.
What is the simple reason why we value and accept money?
What is the simple reason why we value and accept money?
The simple reason why we value and accept money is because we are confident that someone else will accept its value as well.
