The possible functions of money are A. a conductor of economic activity, a medium of exchange, and a store of value. B. a medium of exchange, a store of value, and a factor of production

Question

Leonard Mccarthy

Social Studies

27 July, 03:02

The possible functions of money are A. a conductor of economic activity, a medium of exchange, and a store of value. B. a medium of exchange, a store of value, and a factor of production

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Answers (1)

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Gerald Houston · Answer 1

B. a medium of exchange, a store of value, and a factor of production

Explanation:

Money is a medium of exchange because it is used in paying for goods and services and it is a store of value because it can be reliably saved, retrieved and used and it is liquid capital which is factor of production.