Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out
It serves as a medium through which business transactions are carried out
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Correct Answer: Option A
Explanation:
Since money can be stored, it can accumulated to pay debts and can serve as a medium by which business transactions on credit can be settled.
Since money can be stored, it can accumulated to pay debts and can serve as a medium by which business transactions on credit can be settled.