Question

Explain the function of Money briefly​

Answer 1

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.

Answer 2

Answer:

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