English, asked by lenoramayo45751, 4 months ago

money has a function as a ?​

Answers

Answered by Haribalabrainly
4

Question

money has a function as a ?

Answer

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.

Answered by sandhyarani07052004
0

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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