The three correct functions of money are:
1. Store of value: Money can be saved and used later to purchase goods and services.
2. Medium of exchange: Money is widely accepted as a form of payment for goods and services.
3. Unit of account: Money provides a standard measure of value for goods, services, and assets.
Which are functions of money? Select the three correct answers.
(1 point)
Responses
store of value
store of value
producer of resources
producer of resources
unit of account
unit of account
medium of exchange
medium of exchange
record of finances
record of finances
unit of output
1 answer
1 answer