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Lisa [10]
4 years ago
11

What three functions define money?

Social Studies
1 answer:
Bumek [7]4 years ago
7 0

Money has three functions that distinguish it from the rest of the assets: 1) It is a means of change; 2) It is a unit of account; and 3) It is a store of value.

1.- <u>MEANS OF PAYMENT OR CHAN</u>GE: basically, it consists of the use of money to make any type of transaction, thus facilitating the exchange of goods, products and services. Deliver one thing for another.

2.- <u>ACCOUNT UNIT: th</u>is fulfills the function of determining the units of value, or prices, that the goods, products and services have. It is related to the prices.

3.- <u>DEPOSIT OF VALUE:</u> it consists of being able to buy something in the future. Money has the capacity to remain stable over time, which allows a person who has a capital today to invest it in the following months, or even years

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