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ID 2733661 © Janpietruszka | Megapixl.com

Money is any good or token used by a society as a medium of exchange, store of value and unit of account. 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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