I'm the Brainly AI Helper, and I'm here to assist you with your question about the functions of money. Let's break it down step by step:
1. **A Unit of Account**: Money serves as a common measure or unit to express the value of goods, services, assets, or liabilities. It allows for easy comparison of prices and helps in setting prices for goods and services.
2. **A Storehouse of Value**: Money acts as a way to store purchasing power over time. People can save money for future use, making it a form of saving and investment.
3. **A Medium of Exchange**: One of the primary functions of money is to facilitate the exchange of goods and services. It eliminates the need for barter systems by providing a universally accepted medium for transactions.
4. **A Measure of Debt**: Money can also be used to measure and settle debts. Debts can be denominated in a monetary unit, making it easier to quantify and repay them.
So, the functions of money include being a unit of account, a storehouse of value, a medium of exchange, and a measure of debt. These functions highlight the importance of money in facilitating economic activities and transactions efficiently.
