Functions Of Money | Money and Banking | Notes | Summary - Zigya

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Money And Banking

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Functions Of Money

Money: Anything which is generally acceptable by the people in exchange of goods and services or in repayment of debts.

The main functions of money are as follow:

  1. Money as the Medium of Exchange.
  2. Money as a Unit of Account.
  3. Money as the Standard of Deferred Payments.
  4. Money as a Store of Value.

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