Question

explain three main function of money

Answer 1

Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most importantfunction is as a medium of exchange to facilitate transactions.

Answer 2

hey buddy,
here is your answer,


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. ...

Store of value. ...

Unit of account.

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