Question

The functions of money include:

A. As a store of value, which facilitates the accumulation of wealth and value over time.
B. Imperial control by wealthy countries over poor countries
C. Leverage for international lenders to pressure countries to introduce economic reforms
D. All of the above

Answer 1

The answer is the letter A

Answer 2

Answer: A - As a store of value, which facilitates the accumulation of wealth and value over time

Explanation: Money is defined as a medium of exchange and as a store of value. Money is anything that can be used as an exchange for goods and services. There are various functions of money and they are:

1. Medium of exchange - it can be used to settle all transactions for goods and services.

2. Measure of value - it can be used to measure the worth of goods and services.

3. Store of value -it can be stored now for the future. It is a way to store up wealth for the future.