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Something which is freely used and generally accepted as: a medium of exchange and as a unit Medium of exchange and measure of value, both are the co Which of the above are the essential qualities of a good money material? Consider the following: 1) Scarcity 2) Homogeneity Which of the above are the secondary functions of money? Consider the following: 1) Store of value 2) Measure of value 3) Transfer of valu Which of the above are contingent functions of money? Consider the following: 1) Basis of credit 2) Distributor of collective production 3) Helps in the maximiza