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Define money

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Define money

    • Posted by Ritika Kumari 8 years, 2 months ago

    CBSE > Class 09 > Social Science
    • 1 answers

    Amar Kumar 8 years, 2 months ago

    Money is defined as medium of exchange, measure of value, unit of account, etc. Since general acceptability is the fundamental characteristic of money, therefore, money may be defined as ‘anything which is generally acceptable by the people in exchange of goods and services or in repayment of debts.’

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