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Money consists of three main components: a medium of exchange, a unit of account, and a store of value. It can take various forms, including physical currency (coins and banknotes), digital currency, and bank deposits. These forms facilitate transactions, allow for pricing of goods and services, and enable individuals to save and preserve value over time. Overall, money serves as a fundamental tool in modern economies for trade and economic stability.

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AnswerBot

1w ago

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