Which of the Following Is a Function That Money Serves

Unit of account C. The most important function of money is that it serves as a medium of exchange.

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In the barter economy a great difficulty was experienced in the exchange of goods as the exchange in the barter system required double coincidence of wants.

. It is a medium of exchange. C do not serve as a unit of account. Okay its time to review.

Which of the following is a primary function of money. Money serves as a medium of exchange a store of value and a unit of account. Which of the following is a function that money serves.

Provides a source of contentment. An economy is more efficient when a single good is recognized as a medium of exchange. Acts as a substitute for bills and coins.

Functions of money can be broadly categorised into the following two types. 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. It is a store of value 3.

Four most important functions of money are as follows. Medium of exchange B. It is a unit of account.

Tap again to see term. Time deposits were 3242 billion. It mainly serves as.

In addition to be a unit of account which of the following is a function of money. Money serves various functions in the economy it acts as a medium of exchange and thus is used for transaction purposes. D are ID cards that make borrowing easier.

A Primary functions b Secondary functions a Primary functions. O All of the above. 2 Which of the following does NOT describe a function of money.

It is a unit of account 2. A standard of deferred payment. Money has removed this difficulty.

Asked Aug 10 2018 in Economics by Berger77. Checkable deposits owned by individuals and companies were 5673 billion. Money serves four basic functions.

In October 2010 the amount of currency held by individuals and companies was 9871 billion. During World War II prisoners of war used ________ as money. Answered Aug 10 2018 by.

In theory people are generally able to exchange goods and services without the need for a monetary transaction between the parties involved. A measure of value. A store of wealth.

Savings deposits were 5623 billion. Its a standard of deferred payment. B to serve as an.

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. Tap card to see definition. Acts as a medium of exchange.

A buyer can buy goods through money and a seller can sell goods for money. 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. Store of value D.

It can be easily stored and used for transactions in the future. Sellers are willing to accept it in exchange for goods or services. Recognition 3 Which of the following is a primary function of money.

A to serve as a unit of account B to serve as an encouragement to work. Money serves four basic functions. Credit cards are NOT money because they A have a value in exchange but little intrinsic value.

Money market funds were 10454 billion or 10 trillion. Click again to see term. In this function of money money is used to purchase or sell different goods and services in the market.

The functions of money are. A medium of exchange. It means that money can be used to make payments for all the transactions of goods and services.

The functions of money are. Other functions involve money as the standard of deferred payment and a. It is a medium of exchange and.

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 and store of value. Click card to see definition.

B are not issued by the government. Medium of exchange unit of account store of value. It is a store of value.

I Medium of exchange. Money serves as a unit of account when a. Can be converted into a means of payment easily without loss of value.

A to serve as a unit of account. Money performs four main functions in todays society. It serves as a It serves as a store of value.

As a medium of exchange money functions as a mode of exchanging goods and services. A highly liquid asset. 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.

Which of the following are functions of money. Anything used as money should fulfill the following functions. To serve as a unit of account.

It is an essential function of. Select the correct answer below It serves as a standard of deferred payments medium of exchange. Leave a Reply Cancel reply.

It is a standard of deferred payment. Banks lend the excess reserves created when new deposits come in because they want to. All of the above are correct.

All of these unit of account none of these store of value medium of exchange. A a unit of account B a hedge against inflation C a medium of exchange D a store of value Answer. Your email address will not be published.

A medium of exchange B unit of account C store of value D All of the above are correct. Which of the following is a function that money serves. Required fields are marked Comment Name Email Website.

Which of the following is a function that money serves.

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