Question

what are the two primary or basic funtions of money​

Answer 1

Answer:

These functions are derived from primary functions and, therefore, they are also known as 'Derivative Functions'. The major secondary functions are: (i) Standard of Deferred Payments: Money as a standard of deferred payments means that money acts as a 'standard' for payments, which are to be made in future.

Answer 2

Answer:

Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.

Explanation:

Money serves as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.