Question

(a) What are the importance of money cconomy.​

Answer 1

Answer:

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.

Answer 2

Answer ⤵️

Money plays an important role in the life of every citizen and in the economic system as a whole. Money removed the difficulties of barter:

✴️ By serving as a medium of exchange, money removes the need for double coincidence of wants and the inconveniences and difficulties associated with barter

Hope it helps uh !