27.1 Defining Money by Its Functions – Principles of Economics
https://pressbooks-dev.oer.hawaii.edu/principlesofeconomics/chapter/27-1-defining-money-by-its-functions/
WebMoney serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment. There are two types of money: commodity money, which is an item used as money, but which also has value from its use as something other than money; and fiat money, which has no intrinsic value, but is declared by a ...
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