The function of money in an economy is to serve as
1)a unit of account;
2)a store of value;
3)a medium of exchange.

Question

Quizplus · Accepted Answer

Money serves as a unit of account by providing a standard measure of value for goods and services. It also serves as a store of value as it can be saved and used at a later time. Finally, money is a medium of exchange as it allows people to easily trade goods and services without the need for bartering.

The Function of Money in an Economy Is to Serve