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Economics-Micro > Lesson 11 - Function of money > Flashcards

Lesson 11 - Function of money Flashcards

1
Q

What is the first function of money?

A

A medium of exchange

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2
Q

What is the second function of money?

A

A measure of value

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3
Q

What is the third function of money?

A

A store of value

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4
Q

What is the forth function of money?

A

A standard of deferred payment

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Economics-Micro (48 decks)

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