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Engineering
Oscar
11 February, 13:43
What are the functions of money?
Money is money
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Frosty
11 February, 14:36
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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
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Ellis Savage
11 February, 15:24
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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.
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