In many stores in Canada, US currency is accepted for payment because the retailers know that their suppliers and other customers will also accept it. In this example, money serves as which of the following?

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In this example, money is serving as a medium of exchange because it is being used to complete transactions. Customers are exchanging US currency for goods and services, and retailers are accepting it because they know they can exchange it with their suppliers and other customers.

In Many Stores in Canada, US Currency Is Accepted for Payment