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Money is a medium of exchange that allows people to obtain goods and services. Money serves several key functions:
Money can take various forms, including physical currency (like coins and banknotes), as well as digital or electronic forms, such as bank deposits and cryptocurrencies. The value of money is not in the physical coin or note itself but in its capacity to be exchanged for goods, used for payment of debts, and stored for future use.
Students studying money often cover a broad range of topics. Here are some of the common themes they study:
These topics help students develop a strong foundation in personal finance, equipping them with the knowledge and skills they need to manage their money effectively throughout their lives.
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