money has a function as a ?
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money has a function as a ?
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Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.
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.
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Explanation:
money has a function as:
a medium of exchange,
a store of value,
a unit of account,
and a standard of deferred payment.
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