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    Explanation of Cash

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    What is cash? Think in terms beyond its monetary function.

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    Solution Preview

    Cash and money are two interchangeable words; therefore I used the word "money" in my response; however you can use "cash". Basically cash is: a medium of exchange, a standard of value and a store of value. I have included my reference for further review and clarification.

    People have needs and wants; the need for survival which includes shelter, food and clothing; and the want to enhance ...

    Solution Summary

    This solution explains what cash or money is including it's function and purpose.