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

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Aniyah

Business

20 November, 16:15

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

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Douglas Spears · Answer 1

The one that distinguishes money from the other assets is that it is used as a medium of exchange

Explanation:

Money is one of the most important factor in our day to day lives it has become as defining the country's economic standard and it is widely accepted all over the world

Money is used as the medium of exchange because we can buy all the necessary things using the money and can use it as a medium to exchange of goods and services. There are also other important functions as the method of comparing the values