Final answer:
The functions of money that apply are: A store of value, a unit of account, a medium of exchange, and a standard of deferred payment. 'A form of bartering' and 'A measure of debt' do not describe the functions of money.
Step-by-step explanation:
The functions of money are crucial to understand in the context of an economy. The functions of money that apply from the given options are:
- A storehouse of value: Money acts as a store of value, allowing individuals to save it for future use.
- A unit of account: Money provides a common basis for pricing goods and services, making trade more efficient compared to barter systems.
- A medium of exchange: This is the most essential function of money, facilitating buying and selling without the complications of a barter system.
- A standard of deferred payment: Money allows for transactions over time, meaning it can be used for lending and borrowing.
Therefore, options B (A form of bartering) and A (A measure of debt) do not describe the functions of money. While debt can involve money, 'A measure of debt' is not a function of money per se; it is a financial concept that emerges because money serves its functions, particularly the standard of deferred payment.
Understanding money's role is pivotal in economics and personal finance, as it facilitates not only current economic transactions but also future planning and investment.