Which of the Following Is a Function That Money Serves

When sellers of goods and services are willing to accept money in exchange for goods and services then money serves as a medium of exchange. Acts as a medium of exchange.

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In this function of money money is used to purchase or sell different goods and services in the market.

. Which of the following are functions of money. An inflation hedge is an investment that is considered to provide protection against the decreased purchasing power of a currency which results from the loss of its value due to rising prices inflation. Economists have documented Pacific island economies in which large rocks and boulders were used as money.

A measure of value. The following points highlight the top four functions of money. Anything used as money should fulfill the following functions.

Which of the following is a function that money serves. Asked Aug 10 2018 in Economics by Berger77. Standard of Deferred Payment.

To serve as a unit of account. A highly liquid asset. Store of Value 4.

Which of the following is a function that money serves. A store of wealth. A standard of deferred payment.

The functions of money are. It mainly serves as. Sellers are willing to accept it in exchange for goods or services.

Money actually serves several different key functions in our economy. Your email address will not be published. Money serves as a unit of account when a.

Money is taken as the common denominator while measuring the value of goods and services in monetary terms according to which prices are measured for all commodities in the economy. In addition to be a unit of account which of the following is a function of money. A Measure of Value or Unit of Account or Means of Valuation 3.

All of these unit of account none of these store of value medium of exchange. Select the correct answer below It serves as a standard of deferred payments medium of exchange. Can be converted into a means of payment easily without loss of value.

A Medium of Exchange. Provides a source of contentment. In theory people are generally able to exchange goods and services without the need for a monetary transaction between the parties involved.

Other functions involve money as the standard of deferred payment and a. A medium of exchange. A Medium of Exchange 2.

A buyer can buy goods through money and a seller can sell goods for money. Functions of money can be broadly categorised into the following two types. Money serves four basic functions.

It means that money can be used to make payments for all the transactions of goods and services. An economy is more efficient when a single good is recognized as a medium of exchange. C to reduce the burden of excessive imports.

Money as a standard of value or measure of value refers to that function of money which helps in determining the value of goods and services in the economy. As a medium of exchange money functions as a mode of exchanging goods and services. The ease at which an asset can be converted into a medium of exchange is known as A.

A medium of exchange. When money is used to intermediate the exchange of goods and services it is performing a function as a medium of exchange. Required fields are marked Comment Name Email Website.

It serves as a It serves as a store of value. It serves as a unit of account where money is used to place the value of goods and services in the economy and thus it becomes easier to trade and exchange good for money. Medium of exchange unit of account store of value.

Money performs four main functions in todays society. Money serves as a medium of exchange for all kinds of goods and services. It can be easily stored and used for transactions in the future.

Money refers to a common medium of exchange that is issued under the law of government and acts as a legal tender for the whole country. D to raise funds for the government. It is a store of value 3.

While this may work for a group of people who only transact with others on the island the rocks would not be. 3 Cigarettes served as money in some POW camps during World War II. B to serve as an encouragement to work.

It is a standard of deferred payment. A medium of exchange B unit of account C store of value D All of the above are correct. It is an essential function of.

Acts as a substitute for bills and coins. I Medium of exchange. O All of the above.

Banks lend the excess reserves created when new deposits come in because they want to. A Primary functions b Secondary functions a Primary functions. It is a medium of exchange and 4.

It is a medium of exchange a unit of account and a store of value. Leave a Reply Cancel reply. Which of the following is a primary function of money.

A to serve as a unit of account. Answered Aug 10 2018 by. It is a unit of account 2.

Money serves various functions in the economy it acts as a medium of exchange and thus is used for transaction purposes.

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