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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:1. As a medium of exchange2. As a store of value, and3. As a unit of account
Store of value
store of value
Transferring money from savers to spenders
safeguarding, transferring, exchange, or lending of money.
To say that money is socially defined means that: whatever performs the functions of money extremely well is considered to be money.
Explain the derivative functions of money?
The Federal Reserve controls the nations supply of money and regulates banks. It also makes sure the financial system remains stable and provides financial service to depository, U.S. government, and foreign official institutions.
Putting money upfront
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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.
What is meant by "egg money" is money a farm person, usually a women, earns. They call it "egg money" because they earn their money off chickens that lay eggs.
Salaries are in places so that employees have an incentive to do their jobs, to have money to live and eat, and to make sure that employees are getting paid, and not being forced to work for free.