Question

define money state it's function s​

Answer 1

Money can be defined as any thing that is generally accepted as a means of exchange and at the same time acts as a measure and as a store of value. Functions of money. 1)Medium of exchange:- Money serves as a medium of exchange.It passes from hand to hand in exchange for goods and services.

Answer 2

Explanation:

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.

functions:

• Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.
• Store of value. In order to be a medium of exchange, money must hold its value over time; that is, it must be a store of value.
• Unit of account. Money also functions as a unit of account, providing a common measure of the value of goods and services being exchanged.

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