30-05-2024
Social Studies

Answered

Which of the following best
describes the medium of
exchange function of money?
A. Money provides a relatively stable
commodity to hold throughout time.
B. Money serves as a proxy for goods and
services.

Answer :

GinnyAnswer GinnyAnswer

30-05-2024

Final answer:

Money functions as a medium of exchange, unit of account, and store of value in economies.

Explanation:

Money serves as a medium of exchange by facilitating the exchange of goods and services in markets. It helps overcome the limitations of barter systems such as the double coincidence of wants. Additionally, money functions as a unit of account and a store of value.

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