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Question

Since money acts as an intermediate in the exchange process, it is called _____.

A
value for money
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B
exchange value
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C
medium of exchange
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D
none of these
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Solution

The correct option is B medium of exchange
1. Money is the medium of exchange in the modern times.
2. It can be used as a unit of account and store of value as well.
3.money acts as an intermediate in the exchange process, it is called a medium of exchange.

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