lewasauadivika5
lewasauadivika5 lewasauadivika5
  • 15-09-2021
  • Social Studies
contestada

list and explain one function of money
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tranquillity33
tranquillity33 tranquillity33
  • 15-09-2021

Answer:

The functions of money are :

a measure of value

an exchange medium

store of value

transfer of value

the standard of deferred payments.

Explaining one function of money.

A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. It is an important function of money. This implies that wealth in the form of money can be stored easily as a medium of exchange for future use

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