What is Money? Functions


Learn what is money and what are its functions.

Money is a commodity that has been accepted by all as an economic medium. It is used to express prices and values. As a currency, it circulates anonymously between people and countries, facilitating trade and is the main measure of wealth.

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Money is a store of value.

Money can be thought of as a unit of account.

Money can be used as a medium of exchange.

Money may serve as a standard for deferred payments.

 

 

@moneyinstructor What is Money? Functions. #moneytok #financialeducation #financialliteracy #howmoneyworks #economics101 ♬ Monkeys Spinning Monkeys – Kevin MacLeod & Kevin The Monkey

Categories Earning Money, Economics, Personal Finance
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