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Any commodity or token that can be held and exchanged later for goods and services is called Money.

What is service?

Services are referred as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

Money is referred to as a token which is used in the purchase and sale of goods and services. It has value in worth and can be easily recognized and can divide into small amounts as Money is measurable in nature.

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