Question

Define money and What are the functions of Money​

Answer 1

Answer:

.

Explanation:

ᴛʜᴇsᴇ ɪs sᴏᴍᴇᴛʜɪɴɢ ᴡʜɪᴄʜ ɪs ᴛʜᴇ ᴍᴇᴅɪᴜᴍ ᴏғ ᴇxᴄʜᴀɴɢᴇ.

ғᴏʟʟᴏᴡᴏɴɢ ᴀʀᴇ ᴛʜᴇ ғᴜɴᴄᴛɪᴏɴ ᴏғ ᴍᴏɴᴇʏ

• ɪᴛᴢ ʜᴇʟᴘs ɪɴ ᴍᴇᴅɪᴜᴍ ᴏғ ᴇxᴄʜɴᴀɢᴇ.
• ɪᴛᴢ ᴄᴀɴ ʜᴇʟᴘ ɪɴ ғɪɴᴅɪɴɢ ᴍᴏɴᴇᴛᴀʀʏ ᴠᴀʟᴜᴇ ᴏғ ᴀ ᴘʀᴏᴅᴜᴄᴛ.
• ɪᴛᴢ ʜᴇʟᴘ ɪɴ ᴀʟʟ ᴛʜᴇ ɴᴇᴛᴡᴏʀᴋ ᴏғ ᴇᴄᴏɴᴏᴍʏ.

Answer 2

Answer:

Money is the commonly accepted as a medium of exchange

Functions of money =

• Money serves as a store of value
• Money is a measure of value
• Money serves as a standard for deferred payments
• Money acts as a medium of exchange