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

value for money

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exchange value

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medium of exchange

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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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