Functions of Money Flashcards
0
Q
Is a standard numerical unit of measurement of the market value of goods, services, and other transactions.
A
Unit of Account
1
Q
When money is used to intermediate the exchange of goods and services?
A
Medium of Exchange
2
Q
Money must be able to be reliably saved, stored, and retrieved; and be predictably usable as a medium of exchange when it is retrieved.
A
Store of Value
