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.
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Storehouse of value. (:
Production Marketing Accounting
safeguarding, transferring, exchange, or lending of money.
Transferring money from savers to spenders
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
In the western days they used strips of cotton or as money! They would cut in the right amount when they bought things!
Explain the derivative functions of money?
what are three functions of the pantry department?
Give three functions of type writer
three functions.......
Three fuctions of what
Money serves three primary functions: as a medium of exchange, facilitating transactions by eliminating the need for bartering; as a unit of account, providing a standard measure of value for goods and services; and as a store of value, allowing individuals to save and preserve purchasing power over time. These functions make money essential for efficient economic activity and trade.
The three functions of a leaf are collecting sunlight storing water and cooling of the tree
The main functions of a bank as part of financial intermediation are:accepting deposits from customers and paying them interest on the deposited amountgranting/disbursing loans to customers and received interest for the loan amount
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