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Q.

Money acts as a medium of what?

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a

Exchange

b

Communicate

c

Transport

d

None of the above

answer is A.

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Detailed Solution

Money acts as a medium of exchange.
Money is a medium of exchange. One of the main purposes of money is this. Money may be used to swap any commodity at any moment. People keep money on hand for two major reasons: transaction motivation and speculative motive. You can make more money if you invest money in certain financial instruments, which is not feasible in barter trade. While there is no such thing under the barter system, you can receive interest on the money you save in a bank. Money is welcomed everywhere. There are no restrictions, such as a lack of available space, while keeping money.

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