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money medium of exchange, which means thaht it is generally accepted in exchange for goods and services. acceptable as means of payment / IS NOT made up of notes and coins held by individuals and businesses a problem with using a commodity as money is commodity value can change over time main components of money in canada currency and deposits at banks and other depository institutions official measures of money are M1 and M2 m1 currency outside banks personal chequable deposits non-...

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