Social Sciences, asked by nanaisweetty, 1 year ago

Give any two uses of money?

Answers

Answered by crazymind56
10

Answer:

Explanation:

1)MEDIUM OF EXCHANGE-

Money's most important function is as a medium of exchange to facilitate transactions. Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another. 

2)STORE OF VALUE-

In order to be a medium of exchange, money must hold its value over time; that is, it must be a store of value. If money could not be stored for some period of time and still remain valuable in exchange, it would not solve the double coincidence of wants problem and therefore would not be adopted as a medium of exchange.

Jai Hind

Jai Bharat

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