Question

According to economists, money has which of the following three properties:

a. Unit of account, store of value, medium of exchange
b. Unit of account, eminent domain, store of value
c. Medium of exchange, fractional reserves, bank deposits
d. Store of value, vault cash, marginal propensity to save

Answer 1

Money has three properties: medium of exchange, store of value, unit of account.

Step-by-step explanation:

Money has three properties according to economists: a) Medium of exchange, store of value, unit of account. A medium of exchange refers to money being used to buy goods and services. Store of value means that money can be saved and used in the future. Unit of account refers to money being used to measure the value of goods and services.