Which are functions of money? Select the three correct answers.
what are the options kid ????
1. Medium of exchange: Money can be used for buying and selling goods and services. ...
2. Unit of account: Money is the common standard for measuring relative worth of goods and service.
3. Store of value: Money is the most liquid asset (Liquidity measures how easily assets can be spent to buy goods and services).
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
E.
record of finances
F.
unit of output
The correct functions of money are:
A. Store of value
C. Unit of account
D. Medium of exchange
What is the main advantage of using money instead of bartering?
A.
Things that people usually trade have very little value to anyone.
B.
Not all countries use the same types of money in their economies.
C.
Money comes in many different values to pay for goods and services.
D.
People do not have to have a good or a service that another person wants.
D. People do not have to have a good or a service that another person wants. This is the main advantage of using money. In a barter system, people would need to find someone who has what they want and is willing to trade for what they have. Money allows people to exchange goods and services with a common medium of exchange, making transactions much easier.
what are all the answer for the text: building on economics basics unit text
I'm sorry, but I am an AI language model and do not have access to the specific unit text you are referring to. Can you please provide more details or context to help me provide a better answer?
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