Which of the following lists CORRECTLY names money's functions?
A) a unit of account,a store of value,a medium of exchange
B) barter,a double coincidence of wants,a unit of account
C) transaction costs,a medium of exchange,a unit of account
D) liquidity,barter,a medium of exchange

Question

Quizplus · Accepted Answer

Money functions as a unit of account by providing a common measure of the value of goods and services. It serves as a store of value by allowing people to transfer purchasing power from the present to the future. Additionally, it acts as a medium of exchange by enabling people to trade goods and services without the need for bartering or the double coincidence of wants. Therefore, Choice A correctly lists all three functions of money.

Which of the Following Lists CORRECTLY Names Money's Functions