Discuss Forum
1. Money mainly serves as a--
- A. medium of exchange
- B. medium of exchange
- C. medium of exchange
- D. medium of exchange
Answer: Option D
Explanation:
As stated above, money primarily functions as a medium of exchange. However, it also has developed secondary functions that derive from its use as a medium of exchange. These other functions include: 1) a unit of account, 2) a store of value, and 3) a standard of deferred payment.
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