Which are functions of money. Select 3
1. Medium of exchange: Money functions as a widely accepted means of payment for goods and services. It enables the exchange of goods and services between buyers and sellers.
2. Unit of account: Money serves as a standard unit for measuring the value of goods, services, and assets. It allows for the comparison and calculation of prices, wages, profits, debts, and other economic transactions.
3. Store of value: Money can be saved or stored for future use. It retains its purchasing power over time and allows individuals and businesses to defer consumption or investment decisions to a later period.