Of money's three functions, the one that distinguishes money from other assets is:

- its function as a standard of deferred payment

- medium of exchange.

- store of value.

- unit of account.

Question

Gabriel Soto

Business

16 July, 04:33

Of money's three functions, the one that distinguishes money from other assets is:

- its function as a standard of deferred payment

- medium of exchange.

- store of value.

- unit of account.

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Answers (1)

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Castaneda · Answer 1

Medium of Exchange

Explanation:

The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.

Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.

Of money's three functions, the one that distinguishes money from other assets is:- its function as a standard of deferred payment- medium of exchange.- store of value.- unit of account.

Of money's three functions, the one that distinguishes money from other assets is:

- its function as a standard of deferred payment

- medium of exchange.

- store of value.

- unit of account.