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Money serves as a standard to place value on goods and services what is created?
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∙ 7y ago
unit of account
Kristin Roberts
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Money serves as a medium of exchange by?
Products or services
Why money serves as a medium of exchange?
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
What the three functions of 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.
What is the term for the amount of goods and services people can buy with the money they have?
standard of living
This function of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured.?
standard of valueThe function of money as a measure of value.
Money serves as a medium of exchange by?
Products or services
Why money serves as a medium of exchange?
Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.
When was The Revised Standard Reference Guide to Indian Paper Money created?
The Revised Standard Reference Guide to Indian Paper Money was created in 2012.
What the three functions of 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.
What are the three functions of 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.
What is the term for the amount of goods and services people can buy with the money they have?
standard of living
This function of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured.?
standard of valueThe function of money as a measure of value.
What is unit of account?
A standard monetary unit of measurement of the value of goods and services. Example: money
What is the main functions of Money in economic system?
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
How does money serve as a store of value?
Printed money or electronic transfers and deposits obviously have no intrinsic value. However, money serves as a store of value because societies have agreed that it can be used to trade for goods and services.
What services are offered by Money Corp?
Money Corp is a financial institution that offers services such as currency exchange, business services, corporate services, card services travel money services and personal services.
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
