FUNCTIONS OF MONEY 380 Words 1 Pages Money as a medium of exchange is an item that buyers give to sellers when they want to purchase goods or services. An example of how I use money as a medium of
FUNCTIONS OF MONEY 380 Words 1 Pages Money as a medium of exchange is an item that buyers give to sellers when they want to purchase goods or services. An example of how I use money as a medium of
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FUNCTIONS OF MONEY
380 Words 1 Pages
Money as a medium of exchange is an item that buyers give to sellers when they want to purchase goods or services. An example of how I use money as a medium of exchange is simple. Every week when I do my grocery shopping, I give the cashier money, whether it is in the form of cash, or debit card, in exchange for groceries. Money as a unit of account is the yardstick people use to post prices and record debt. When we want to measure and record economic value, we use money as the unit of account. The