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1__________________________. It makes the trading process simpler and more efficient.
2__________________________. Society considers it convenient to use a monetary unit to determine relative costs of different goods and services. 3__________________________. It is the unit in which prices are quoted and accounts are kept.
4__________________________. Money is a store of value because it can be used to make purchases in the future.
Money is generally accepted in payment for goods, services, and debts.
Money can also serve as a standard of value.
In this function money appears as the unit of account.
To be accepted in exchange, money has to be a store of value.