Question

Which function of money describes its ability to enable trade between

different people?
A. Store of value
B. Measure of value
O C. Standard of deferred payment
D. Medium of exchange

Answer 1

D. Medium of exchange

Step-by-step explanation:

A medium of exchange is any physical object used as a measure of value to facilitate the transfer of goods and services between sellers and buyers. A medium of exchange acts as a go-between in transactions. In modern trade, money is the most widely accepted medium of exchange.

Today, goods and services are given a monetary value. Trade becomes relatively easy as buyers and sellers know how much money is needed to complete a transaction.