The first and foremost role of ____________ is that it acts as a medium of exchange.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Money.
- Money's first and foremost role is that it acts as a medium of exchange.
- Money plays a crucial role in any economy, and its primary function as a medium of exchange facilitates the buying and selling of goods and services. This removes the reliance on the barter system, where goods and services were traded directly without a standardized measure of value.