The functions of money are
A) a conductor of economic activity, a medium of exchange, and a store of value.
B) a medium of exchange, a store of value, and a factor of production.
C) a store of value, a medium of exchange, and a determinant of investment.
D) a store of value, a unit of account, and a medium of exchange.

Question

Quizplus · Accepted Answer

Money has three main functions: store of value (ability to maintain its value over time), unit of account (able to measure the value of goods and services), and medium of exchange (used to buy goods and services). Therefore, option D is the correct answer. The other options do not accurately represent the functions of money.

The Functions of Money Are