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23 September, 01:43

What are the three main purposes of money? In your answer

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  1. 23 September, 02:59
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    Money replaces the need for bartering because it creates an easy way to analyze, exchange, and store value. As a medium of exchange, money allows us to easily trade value for a product we want to purchase. Because money is a unit of account, we can assign a dollar value to products. Finally, because money allows us to store value, we can accumulate value over time. In each case, we have more options than bartering would provide.
  2. 23 September, 04:17
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    Answer:Three main purposes for money would be to buy consumables like food and drinks, you also need money for emergency's, and you need money to buy a house
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