What are the functions of money? Money is money

Engineering

2 answers:

mote1985 [20]3 years ago

8 0

Answer:

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

Explanation:

34kurt3 years ago

3 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.

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NeTakaya

Answer:

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Explanation:

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Hope this helps!!!

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Answer:

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Please note that your question is incomplete so I gave you a general overview to help you better understand the concept