mONEY cHECKPPOINT Week 6 - $ Money $ 1 $ Money $ Gregory...

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$$ Money $$ $$ Money $$ Gregory Mann Axia College of University of Phoenix Xeco 212 Xeco 212 1
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$$ Money $$ They say that “money makes the world go ‘round”, in fact, money and transactions involving money are intricate and essential elements of our economy. Money is involved in almost every facet of everyday life. So essentially, money is, in its different functions, essential for life to function. There are three functions in the use of money. The action of money in the lives of consumers and investors can have different purposes but its importance in the economy and life is invaluable. Money is widely accepted, in some form, by society as a medium of exchange. Society has a use for money in the financial transactions involving goods and services. Various communities utilize different currencies in the same situations. Money is used as “trade” or exchanged for the consumption of goods and/or services from a “trader”. The economy accepts money as payment for the exchange of goods or services and their values. The exchange of money for a
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mONEY cHECKPPOINT Week 6 - $ Money $ 1 $ Money $ Gregory...

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