Economy, asked by Lucky942, 4 days ago

Define money and explain different functions of money.

Answers

Answered by 123MJ

1

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. ... Additionally, the value of money must remain stable over time.

please mark as brainliest

Previous Question

Next Question

Similar questions

Math, 2 days ago

I purchased a washing machine having the market price of rs. 13000. The dealer offered a discount of 10% and VAT was charged at the rate of 10%. How much I had to pay to the dealer?

History, 2 days ago

on the given map of India locate the label the following religion captured by Shamsuddin Iltutmish...

Political Science, 2 days ago

राष्ट्रपति केवल एक औपचारिक पद नहीं है। इस कन का सत्यापन करें।...

English, 4 days ago

11 They visited that museum yesterday I 12 I am watching a a football math now 13 Pam has found the key on the table MMona is washing cloth now you have made a lot of mistakes ...

CBSE BOARD XII, 4 days ago

2. How Charles Lamb describes the Chimney Sweepers in his Essay 'In Praise of Chimney Sweepers'?

English, 8 months ago

Importance of health essay in 150 words ...

Economy, 8 months ago

The characteristics which are not capable of being measured quantitatively are called ................ * Variable Attributes Quardents Raw data ...

Math, 8 months ago

if x + x^-1 = 11, evaluate x^2 + x^-2...