Question

define money? explain the primary and secondary functions of money?​

Answer 1

Answer:

These functions are derived from primary functions and, therefore, they are also known as 'Derivative Functions'. The major secondary functions are: (i) Standard of Deferred Payments: Money as a standard of deferred payments means that money acts as a 'standard' for payments, which are to be made in future

Explanation:

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Answer 2

Answer:

money as a medium of exchange means that it can be used to make payments for old transactions of good and services this function of money facilities trade and helps in conducting transactions in an economy