Economics · Money and Banking
What is the primary function of money?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It acts as the sole basis for distribution of income
- 2It is the basis of debit creation
- 3It serves as a medium of exchange✓
- 4It acts as a storehouse of surplus goods
Correct answer
It serves as a medium of exchange
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