Question

state the definition of money explain it's funtions​

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 important function is as a medium of exchange to facilitate transactions.

Answer 2

Answer:

money is often defined in terms of the three functions or services that it provides. money serve as a medium of exchange, as a store of value, and as a unit of account. medium of exchange. money's most important is a medium of exchange to facilitate transaction.

Explanation:

I will tell 6 points function of money

1. a medium of exchange

2. measure of the Value

3. a store of a value ( purchasing power)

4. the basis of credit

5. a unit of account

6. a standard of postponed payment