Question

describe main function of money​

Answer 1

Answer:

Key Concepts and Summary

Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.

Answer 2

*Question:

describe main function of money

Explanation:

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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

The following points highlight the top six functions of money.

• Function # 1. A Medium of Exchange:
• Function # 2. A Measure of Value:
• Function # 3. A Store of Value (Purchasing Power)
• Function # 4. The Basis of Credit:
• Function # 5. A Unit of Account:
• Function # 6. A Standard of Postponed Payment:

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