Which are functions of money? Select the three correct answers.
(1 point)
Responses
store of value
store of value
producer of resources
producer of resources
unit of account
unit of account
medium of exchange
medium of exchange
record of finances
record of finances
unit of output
The three correct functions of money are:
1. Store of value: Money serves as a way to hold and preserve wealth over time.
2. Unit of account: Money provides a common measure for comparing the values of goods and services.
3. Medium of exchange: Money is used as a widely accepted form of payment for goods and services.