Question

What is money and write the function of it..​

Answer 1

Answer:

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.

Explanation:

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:

Answer 2

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$\longrightarrow$ The Money are simple terms is a medium of exchange. It is instrumental in the exchange of goods and or services.

★ ADDITIONAL INFORMATION

✰The functions of money are

➳ A measure of value, an exchange medium, store of value, transfer of value, the standard of deferred payments.

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