The functions of money include:
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

All of the given choices (A, B, and C) are functions of money. Money acts as a medium of exchange by serving as a commonly accepted means of payment for goods and services. It also serves as a unit of account by providing a common measure of value for goods and services. Additionally, money functions as a store of value, enabling people to save wealth and use it later for purchases or investments.

The Functions of Money Include