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Functions of Money

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Economics
hannahcollins030
Fichas por hannahcollins030, actualizado hace más de 1 año
hannahcollins030
Creado por hannahcollins030 hace más de 10 años
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Pregunta Respuesta
A Means of Exchange/Primary Function Money enables people to freely exchange g&s that they don't produce. Overcomes bartering.
A Measure of volume/Unit of account The amount of money given for a product is the reflection of the value of that product
A means of Deferred Payment Get a good now and pay later as money won't lose value. Increase sales & stimulate economy.
A store of Wealth Save money now and will still be valuable later. High inflation undermines this
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