1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natka813 [3]
3 years ago
13

What are functions of money?​

History
1 answer:
marissa [1.9K]3 years ago
7 0
<h2>The functions of money are: </h2>
  • A medium of exchange.
  • Store of value.
  • Unit of account.

Explanation:

Medium of exchange: Without money, transactions would have been done by barter system, which involves direct exchange of  good or service for another. This helps to facilitate transactions.

Store of value: Money should hold its value over time. If money could not be stored for some period of time, the double coincidence of wants problem would have remained complicated.

Unit of account: Money is also considered as a unit of account, focusing on the value of goods and services being exchanged.

You might be interested in
According to some historical which marks the beginning of the us civil war?
Gala2k [10]
The event that triggered war came at Fort Sumter in Charleston Bay on April 12, 1861 because of uncompromising differences between the free and slave states over the power of the National Government to prohibit slavery in the territories that had not yet become states.
4 0
4 years ago
What was reagan's strategic defense initiative?
Triss [41]
Suprisingly the answer is B. This is the United States primary defense on any missile based attack, even against ICBM's (although not to effective). A perfect example of this type of combat defense is what Israel does, they have actually perfected it.
<span />
8 0
3 years ago
Read 2 more answers
The 13th Amendment ended slavery in the United States. What would be the best reason Congress decided to amend the Constitution
victus00 [196]

Congress felt slavery was ethically and morally wrong.

8 0
4 years ago
Which statement best describes the command economy used by the ancient Egyptians?
Stolb23 [73]

Answer:

The pharaoh controlled the economy with help from government workers.

Explanation:

Command economy is a type of economic system in which the ruling authority takes the decision of the economic activities. Every resource and business activities are owned and controlled by the ruling class or the government. In Ancient Egypt, Pharaohs took all the decisions about the economic activities. Primarily they initiated the building of the pyramids to be of more important. The agricultural sector, business markets and all the arrangements for the war were managed by the ruling class.

5 0
4 years ago
Read 2 more answers
How did marcus Garvery relate to the harlem renaissance movement?​
natima [27]

Answer:

Marcus Garvey was a leading intellectual during the Harlem Renaissance.

Explanation:

So in 1914, Garvey returned to Jamaica where he founded the United Negro Improvement Association, in order to create stronger connections between African Americans.

7 0
3 years ago
Other questions:
  • as general Burgoyne headed south from Canada with 8000 soldiers what was the purpose of his mission ?
    12·1 answer
  • Which BEST describes the Vedas?
    8·1 answer
  • A state may be able to work in a fairly wide-range of areas if it is NOT in conflict with the U.S. ________.
    9·2 answers
  • The english bill of rights infuenced the declaration of independence and the us government by focusing on
    15·1 answer
  • Research and write about any federal court judge of the United States who is currently serving on the bench, or who has served o
    8·2 answers
  • Which phrase best completes the diagram?
    5·1 answer
  • Pharaohs were viewed as Gods in Egyptian society true/false? help
    13·1 answer
  • Who else does Rikki Tikki save in the story and from whom?
    8·1 answer
  • Why did English aristocrats not trust King James II? someone pls answer asap
    15·1 answer
  • By the late 1800s and early 1900s, what
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!