The functions of money are
A) medium of exchange, unit of account, and store of value.
B) interest rates, prices and output.
C) M1, M2 or currency.
D) currency, deposits, and travelerʹs checks.

Question

Quizplus · Accepted Answer

The three main functions of money are medium of exchange, unit of account, and store of value. Money serves as a medium of exchange by facilitating transactions between buyers and sellers. Money serves as a unit of account by providing a common standard for measuring the value of goods and services. And money serves as a store of value by allowing individuals to save their wealth for future use.

The Functions of Money Are