Question

Why do we use cash and coins for money?

Answer 1

Cash is legal tender that can be used to exchange goods, debt, or services. The term "cash" can sometimes also include the value of assets that can be converted into cash immediately. Cash has been used for as long as goods and services have been traded.

Step-by-step explanation:

Answer 2

Money facilitates exchanges in the economy. It also acts a unit of account. In other words, we use it to measure the value of various goods and services in an economy. It essentially serves as a standard of value.

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