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Solution
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The main functions ofmoney are:- 1. Primary function:It is a unit of value which is a medium of exchange.
2. Secondaryfunctions: It is used to make future payments, store of value and transfer ofvalues.
3. ContingentFunctions: It is a liquidity which distributes our national income and givesmaximum satisfaction to consumers and producers. It also acts as a credit note.
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