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Money is an agreement, between a community, to use something as a medium of exchange, which acts as an intermediary market
good. It can be traded and exchanged for other goods. The agreement can either be explicit or implicit, freely chosen, or
coerced. Money is an abstract form of power. As discussed
below, money also has other characteristics.
Money itself must be a scarce good. Many items have been used as money, from
naturally scarce precious metals and conch shells through cigarettes to entirely artificial money
such as banknotes.
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