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Case Interview Prep

Category - Economics

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In any given economic system, the function of money is to be a:

medium of exchange
tool for the wealthy classes
tool for the oligopoly
medium of competitive qualities

Explanation

Answer: A - In any given economic system, the function of money is to be a medium of exchange.

Key Takeaway: Money serves a number of functions in a given economic system including a medium of exchange. Other functions of money is to store wealth and a means to establish the value of future payments on goods and services.

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