What are the three main characteristics and uses of money.in 3 sentences
1. Money is a medium of exchange, allowing individuals to trade goods and services easily without the need for bartering.
2. Money serves as a unit of account, providing a standard measurement for the value of goods and services, making it easier to compare prices and track financial transactions.
3. Money is a store of value, allowing individuals to save and accumulate wealth over time, providing security and stability for future needs and investments.