Kiryusetsuna10idn
Answered

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what is money? explain its 3 basic function. ​

Sagot :

Noahosmonthidn

Answer:

Money is a medium of exchange and a store of value.

It's a medium of exchange because it can be used to buy goods or services from someone.

It's a store of value because it can be used to buy goods or services from someone and then used to buy something else later.

Annabellealiponsoidn

Answer:

what is 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. ... Additionally, the value of money must remain stable over time.

the 3 basic function of money

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange. Modern economies use fiat money-money that is neither a commodity nor represented or "backed" by a commodity.

Explanation:

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