Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output
The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and services
Unit of account: Money provides a standard measure of the value of goods and services being exchanged.
Store of value: Money is known to keep its value for some period. this enables other commodities, both perishable and non-perishables, to be assigned monetary values
Standard of future payments: This function allows for trade to be done on credit terms.
