Economy, asked by vijayapandula, 1 month ago

Explain the function of Money briefly

Answers

Answered by KimTaehyung1330

4

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.

Answered by MeerJannat

2

Answer:

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

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