Question

what is money ? what are its functions.

Answer 1

Money is a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.

Money is often defined in terms of the three functions or services that it provides. 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.

hope it clarifies ur doubt dear friend..

Answer 2

Heya....

** Definition of money....

--->>> Money is what that money does..
It is an instrument that is commonly accepted as a medium of exchange and signed by authority....

** Functions of money....

-->> It acts as a medium of exchange goods and services....

-->> It can used as store value for future needs...

-->> Money is the basic element of economic transactions....