Asked by
Kevin TheManBeast
on Oct 12, 2024
Verified
Money serves which of the following functions?
A) A medium of exchange.
B) A standard of value.
C) A store of value.
D) All of the choices are true of money's function.
Medium of Exchange
An instrument or system used to facilitate the sale, purchase, or trade of goods between parties, typically money in modern economies.
Store of Value
An asset that can be saved, retrieved, and exchanged in the future without depreciating significantly.
- Understand the concept and functions of money, including its role as a medium of exchange, a standard of value, and a store of value.
Verified Answer
PD
Learning Objectives
- Understand the concept and functions of money, including its role as a medium of exchange, a standard of value, and a store of value.