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charle [14.2K]
3 years ago
14

Which are functions of money? Select the three correct answers.

Business
1 answer:
postnew [5]3 years ago
8 0

Answer:

A store of value

C. unit of account

D. medium of exchange

Explanation:

Money has four main functions. They are

  1. The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and services
  2. Unit of account: Money provides a standard measure of the value of goods and services being exchanged.
  3. Store of value: Money is known to keep its value for some period.  this enables other commodities, both perishable and non-perishables, to be assigned monetary values
  4. Standard of future payments: This function allows for trade to be done on credit terms.
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