Question
What are the functions of Money? Select all that apply.
a. producer of resources
b. unit of output
c. record of finances
d. store of value
e. medium of exchange
a. producer of resources
b. unit of output
c. record of finances
d. store of value
e. medium of exchange
Answers
GPT-4o mini
The functions of money are as follows:
d. store of value
e. medium of exchange
These are the primary functions of money in an economy. It does not function as a producer of resources, a unit of output, or simply a record of finances.
d. store of value
e. medium of exchange
These are the primary functions of money in an economy. It does not function as a producer of resources, a unit of output, or simply a record of finances.