Money is a medium of exchange in the form of currency, coins or banknotes used to purchase goods and services. It is also known as legal tender or a means of payment. Money serves as a measure of value and a store of wealth, allowing people to save and invest in their future. In modern economies, money is regulated by national central banks, and its value is determined by the supply and demand for it in the market. Money has been used for thousands of years, with ancient civilizations using various forms of currency such as seashells, beads, and precious metals. Today, money plays a crucial role in global trade and commerce, and it is essential for maintaining the integrity of the modern financial system.
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