term1 Definition1term2 Definition2term3 Definition3
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Bater
Exchange of goods without use of money.
Earliest trade.
Why is money important to the economy?
A medium of exchange
A measure of value
A store of value
A standard for deferred payments.
Legal tender is money that the state has decided is acceptable as payment up to any amount. They include?
Bills
Credit cards
Electronic transfers
Telebanking and e-commerce.
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