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What are the functions of money?

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Posted by Ankit Singh 6 years, 10 months ago

Simmi _2233 6 years, 10 months ago

Sbhi points ssme h @yogita Ingle...pls . elaborate all

Yogita Ingle 6 years, 10 months ago

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.

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