Question

Explain the importance of money in
economy​

Answer 1

Explanation:

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.

Answer 2

Answer:

In the economy today money performs several functions. Money serves as a standard of value in which other values are measured. ... However, the most important function of money which distinguishes it from other goods is that it serves as a medium of exchange. That is, money is a means of payment for goods and services.