Which of the following are functions of money?Multiple select question.Store of valueUnit of accountMedium of exchangeHedge against inflation

Question

Which of the following are functions of money?Multiple select question.Store of valueUnit of accountMedium of exchangeHedge against inflation
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Solution 1

The functions of money are:

  1. Store of Value: Money can be saved and used in the future. It doesn't lose its value over time, which makes it a good store of value.

  2. Unit of Account: Money is used to measure the value of goods and services. It provides a consistent method of comparing the values Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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