QUESTION IMAGE
Question
question 1
what is the primary function
of money?
to act as a medium of exchange.
to provide a means of storing savings.
to act as a unit of account.
all of the above.
Brief Explanations
Money has three core primary functions: it serves as a medium of exchange (facilitating transactions), a unit of account (measuring value of goods/services), and a store of value (preserving purchasing power over time, which includes storing savings). All the listed options are primary functions of money.
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All of the above.