Question

what are the function of maney?​

Answer 1

To summarize, 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.

The following points highlight the top six functions of money.

Function # 1. A Medium of Exchange: ...

Function # 2. A Measure of Value: ...

Function # 3. A Store of Value (Purchasing Power): ...

Function # 4. The Basis of Credit: ...

Function # 5. A Unit of Account: ...

Function # 6. A Standard of Postponed Payment: