What are the 4 functions of money in a modern economy?

Question

Quizplus · Accepted Answer

The four functions of money in a modern economy are as follows:
1) Store of value - money can be stored and used for future purchases or transactions.
2) Unit of accounting - money serves as a common measure of value for goods and services.
3) Medium of exchange - money is widely accepted as a means of payment for goods and services.
4) Standard of deferred payment - money can be used to settle debts or make future payments, making it a reliable standard for deferred payments.

What Are the 4 Functions of Money in a Modern