Aside from being a means of payment, the other functions of money are
A) medium of exchange and the ability to buy goods and services.
B) medium of exchange, unit of account, and means of lending.
C) pricing, contracts, and store of value.
D) medium of exchange, unit of account, and store of value.

Question

Quizplus · Accepted Answer

The three primary functions of money are as a medium of exchange, a unit of account, and a store of value. These functions allow money to facilitate transactions, provide a way to compare the value of different goods and services, and maintain its value over time, respectively.

Aside from Being a Means of Payment, the Other Functions