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The first and foremost function of money is to act as a:

AMedium of exchange
BUnit of account
CStore of value
DStandard of debt
Answer & Solution
Correct answer: A. Medium of exchange
1. It smooths transactions between people. 2. Money is first a medium of exchange. 3. It also serves as unit of account and store of value. _Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
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