In any given economic system, the function of money is to be a:
A)Medium of exchange
B)Tool for the wealthy classes
C)Tool for the oligopoly
D)Medium of competitive qualities

Question

Quizplus · Accepted Answer

In any given economic system, the function of money is to be a medium of exchange.
Key Takeaway: Money serves a number of functions in a given economic system, including a medium of exchange. Other functions of money are to store wealth and a means to establish the value of future payments on goods and services.

In Any Given Economic System, the Function of Money Is