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Stock Photo: Euro

ID 3955731 © Janpietruszka | Megapixl.com

Money is any good or token used by a society as a medium of exchange and value. Trade without money requires direct bartering of one commodity for another or some other way of conducting trade. Bartering is often inefficient because it requires a coincidence of wants between traders. Consequently tokens that represent and store value usually become accepted as a medium of exchange. This is money.

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