Name three functions of the money and identify the primary function? Solution Mo

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Money has three functions which is the weakest function of money? US History Questions Answers.com > Wiki Answers > Categories > History, Politics & Society > History > US History Best Answer There are four functions of money, Medium of exchange: value for the use of factors of production, make transaction process easier. Standard Unit of Account: Money is used as a numeric to determine the value of goods and services, i.e. cloth/meter, sugar/kg, oil/liter is not unique but the value of the goods and services can be express in units of dollars. Store of value: value refers to the power that's able to satisfy the consumers by buying goods and services. Value can increase or decrease if interest rate is higher or lower than inflation. Standard of deferred payment: Transaction can be take place over a period of time, it is necessary for a standard unit to pay such deferred payment.

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