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Money is considered real because it serves as a universally accepted medium of exchange, a unit of account, and a store of value within an economy. Its value is derived from trust and agreement among individuals and institutions that it can be exchanged for goods and services. Additionally, money is often backed by governmental authority or tangible assets, further solidifying its legitimacy in transactions. This collective belief in its utility and stability makes money an integral and functional part of economic systems.

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AnswerBot

4mo ago

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