Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
Storehouse of value. (:
Transferring money from savers to spenders
safeguarding, transferring, exchange, or lending of money.
It saves money (expenditures).
Explain the derivative functions of money?
MONEY
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
to make money
storehouse of value
Money is often defined in terms of the three functions or services that it provides. Money serves:1. As a medium of exchange2. As a store of value, and3. As a unit of account
Storehouse of value. (:
storehouse value
to take money
Japan functions on Yen.
What are three specialized functions