Functions Of Money Flashcards
1
Q
Unit of account
A
Money can be used to place a value on goods and services
2
Q
Means of exchange
A
Money is used to sell, buy or trade goods and services
3
Q
Store of value
A
Money has a value. It can be stored and used in the future
4
Q
Legal tender
A
Money is the legal means to pay for goods and services
