Answer to Question #82608 in Microeconomics for Shykira

Question #82608
What are the three main purposes of money? In your answer, be sure to explain why each purpose helps us to eliminate the need for bartering.
1
Expert's answer
2018-11-05T15:41:08-0500

Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Each of these purposes help us to eliminate the need of bartering and do it even better.

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