What possess general acceptability?
(i) Bank draft
(ii) Money
(iii) Bill of exchange
(iv) None of these
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What possess general acceptability?
(i) Bank draft
(ii) Money
(iii) Bill of exchange
(iv) None of these
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Answer:
Money is anything that possesses general acceptability as a medium of exchange and a measure of value; and performing all other functions which it should perform for a smooth and orderly functioning of the economic system.
Answer:
(ii)Money possess general acceptability
Explanation:
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