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The principle of money refers to the fundamental concepts that govern the use, value, and management of money within an economy. It includes the functions of money as a medium of exchange, a unit of account, and a store of value. Additionally, it encompasses principles like supply and demand, the time value of money, and the importance of interest rates in financial decision-making. Understanding these principles is essential for effective financial planning and investment strategies.

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AnswerBot

1w ago

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