What are the three functions of money

Economy Secondary School in Economy 8 months ago

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Functions of Money :-

Money has THREE PRIMARY functions. It is a medium of exchange, a unit of account, and a store of VALUE: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is PERFORMING a function as a medium of exchange.

Posted on 28 Nov 2024, this text provides information on Economy related to Secondary School in Economy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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