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Question Practice

What role does money play in a simple economy?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

What role does money play in a...

Single Answer MCQ
Q-00089222

What role does money play in a simple economy?

1

It replaces all goods

2

It serves as a medium of exchange

3

It eliminates scarcity

4

It is unnecessary for trade

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