icebear77 icebear77

26-06-2024
History

Answered

When money is deposited in the bank for later use, it is a

A. medium of exchange
B. store of value
C. unit of account

Answer :

GinnyAnswer GinnyAnswer

26-06-2024

Final answer:

Money serves as a medium of exchange, store of value, and unit of account.

Explanation:

Money has three primary functions: it acts as a medium of exchange, a store of value, and a unit of account. As a store of value, money allows for saving and future use, maintaining its worth over time. In addition, money serves as a common measure of value for goods and services in transactions.

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