Social Sciences, asked by SakshiRaikwar, 3 months ago

describe the main types of functions of money ?

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Answered by anagathalamadhavi601

2

Answer:

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange. Modern economies use fiat money-money that is neither a commodity nor represented or "backed" by a commodity.

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