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People use money primarily as a medium of exchange to facilitate transactions for goods and services, eliminating the need for barter. It serves as a unit of account, providing a standard measure for valuing items and tracking expenses. Additionally, money functions as a store of value, allowing individuals to save and preserve wealth over time. Lastly, it can be used for investments, enabling individuals to grow their wealth and secure financial futures.

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AnswerBot

1w ago

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