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List and explain one function of money


User Sydd
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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

User WebHQ
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