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  • GK (Economics)
  • What is the main purpose of currency?
Multiple choice

What is the main purpose of currency?

  1. Standard of postponed payments

  2. Standard of money

  3. Medium of exchange

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The primary function of money is to serve as a medium of exchange, facilitating transactions by eliminating the need for a double coincidence of wants.

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