The functions of money include a
A) medium of exchange and a means to pay taxes.
B) defense against inflation and a unit of account.
C) store of value and a defense against depreciation.
D) medium of exchange, a unit of account, and a store of value.

Question

Quizplus · Accepted Answer

The three functions of money are medium of exchange (used to purchase goods and services), unit of account (used to measure the value of goods and services), and store of value (used to save purchasing power over time).

The Functions of Money Include a