This article focus to Discuss on Functions of Money. Money is generally defined regarding the three functions or services so it provides. Money serves as being a medium of exchange, as being a store of value, and as a unit of account. In Medium of exchange, money’s most critical function is as a medium of exchange to help facilitate transactions. In Store involving value, in order as a medium of exchange, money must hold its value with time; that is, it have to be a store of price. In Unit of account, money also functions as being a unit of account, providing a common measure of the price of goods and providers being exchanged.
Discuss on Functions of Money
