What are the functions of Money? and
explain it.
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Answer:
In Money and the Mechanism of Exchange (1875), William Stanley Jevons famously analyzed money in terms of four functions: a medium of exchange, a common measure of value (or unit of account), a standard of value (or standard of deferred payment), and a store of value.
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Answer:
Money serves several functions:
Explanation:
a medium of exchange
a unit of account
a store of value
and a standard of deferred payment
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