Answered

Personal Finance: Quiz 1.1.3 – Money Defined

Question 10 of 10

Money must serve as:
A. a medium of exchange
B. a form of bartering
C. a storehouse of value
D. a unit of account
E. a measure of debt

SUBMIT



Answer :

GinnyAnswer

Final answer:

Money serves as a medium of exchange, a store of value, and a unit of account.


Explanation:

Money serves as a medium of exchange, allowing goods and services to be traded. Additionally, it acts as a store of value, preserving purchasing power for the future, and as a unit of account, providing a common measure of value for transactions.


Learn more about functions of money here:

https://brainly.com/question/14253896


Other Questions