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What is meant by the statement "money is a medium of exchange"? A)Money is a measure of societal status.B)Money is a measure of a product's value.C)Money can be traded for goods and services.D)Money can be acculumated as a form of wealth.

User Tionna
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i put C i just awnsered this on USAtestprep

User JoeBe
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The correct answer to this question is alternative C)"Money can be traded for goods and services."

When the statements says that money is a medium of exchange, it literally means that it can be exchanged, or traded for something else, be it a service or a specific item. That's precisely what option C reads, and for that reason, it's the correct one.

User Xdhmoore
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