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27 August, 10:01

What are the functions of money?

Money is money

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Answers (2)
  1. 27 August, 10:20
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    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.
  2. 27 August, 10:31
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    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
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