Q1 of 24 Page 246

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Money’ is what it does’ is defines by ………………… .


money is defined as – the current medium of exchange in the form of coins or banknotes is counted as money. It was first defined by professor walker.

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1

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The purchasing power of money depends upon the …………………. .


 1

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……………….. is used as a standard for future payment.


 1

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……………….. is the unit of account and a standard of common measurement.


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The portion of income not spent on …………. Is saving.