Which function of money is described in the following statement?<br/>It serves as a medium through which business transactions are carried out
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Correct Answer: Option B
Explanation:
The medium of exchange function of money allows people and businesses to use money to buy and sell goods and services. It provides a generally accepted means of payment and removes the difficulties associated with barter.
The medium of exchange function of money allows people and businesses to use money to buy and sell goods and services. It provides a generally accepted means of payment and removes the difficulties associated with barter.