Ask Question
11 February, 13:43

What are the functions of money?

Money is money

+1
Answers (2)
  1. 11 February, 14:36
    0
    Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions
  2. 11 February, 15:24
    0
    Answer and explanation:

    Money covers three functions: unit of account since it measure in numeric values what goods and services are worth; store of value which implies accumulating money increases individuals' and organizations' wealth; and, medium of exchange because it facilitates transactions between buyers and sellers through a common currency accepted by the two of them.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are the functions of money? Money is money ...” in 📙 Engineering if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers