Discuss on Functions of Money

This article focus to Discuss on Functions of Money. Money is generally defined regarding the three functions or services so it provides. Money serves as being a medium of exchange, as being a store of value, and as a unit of account. In Medium of exchange, money’s most critical function is as a medium of exchange to help facilitate transactions. In Store involving value, in order as a medium of exchange, money must hold its value with time; that is, it have to be a store of price. In Unit of account, money also functions as being a unit of account, providing a common measure of the price of goods and providers being exchanged.