Question

(21) Name the primary function of money.
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Answer 1

Answer:

Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

Explanation:

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Answer 2

Answer:

Money is used as a median for exchange of good from one person.

Money can buy anything..

and We can get money by selling anything.

Example :

Earlier people used to exchange goods like Rice for Wheat, Hen for milk etc

Some may not want the thing they get for exchange.

When money introduced , one can get money from any one for anything and buy another thing they wanted from another person