what are those important roles money plays in every economy
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Money performs many functions in a modern economy. ... Thus, money is a medium of exchange, a measure of value, a store of value, and a standard of deferred payments. Medium of exchange: The most important function of money is that it acts as a medium of exchange. Money is accepted freely in exchange for allother goods.
In the economy today money performs several functions. ... A monetary economy is one in which goods are sold for money and money is used to buy goods. Money Promotes Productivity and Economic Growth: Barter system was full of difficulties of exchanging goods and services between individuals
hope it's help you
▄︻̷̿┻̿═━一
shanaya
In the economy today money performs several functions. ... A monetary economy is one in which goods are sold for money and money is used to buy goods. Money Promotes Productivity and Economic Growth: Barter system was full of difficulties of exchanging goods and services between individuals
hope it's help you
▄︻̷̿┻̿═━一
shanaya
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