Q1 of 24 Page 246

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


Income means money received, especially on a regular basis, for work or through investment. The money out of someone's income not spent on consumption is called savings.

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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.


 2

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………………….. is one of the greatest inventions of man.


 2

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The word money is derived from the Latin word ………………… .