Money serves as a medium of exchange, allowing people to trade goods and services without the need for barter or other forms of trade. It also serves as a unit of account, providing a common measure for the value of goods and services. Finally, money is a store of value, allowing individuals to save and accumulate wealth over time.

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Money Serves as a

Question 12

Multiple Choice

Money serves as a

A) means of payment,legal obligation,and public tax.
B) medium of exchange,unit of account,and store of value.
C) means of settling debts,transaction lubricant,and private commodity.
D) means of worker exploitation and capitalist enrichment.
E) means to conduct barter transactions.

Correct Answer: