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Money can be used for -
Saving
Debt clearance
Medium of exchange
All of the above
We can purchase anything form money ?
YES
NO
Sometime
A and B both
A saving account in a bank represents the function of money:
A measure of value
A medium of exchange
A standard for deferred payments
Store of value
Anything used as money must be:
Fixed in value
Fixed in supply
Acceptability
Which of the following is not near money?
Paper note
Bill
Bond
Treasury bill
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