Meaning money functions
What does money functions mean? Below you find one meaning for the word money functions You can also add a definition of money functions yourself

1

0 Thumbs up   0 Thumbs down

money functions


Any item used as money in an economy performs automatically takes on four basic functions: (1) medium of exchange, (2) measure of value, (3) store of value, and (4) standard of deferred payment. While [..]
Source: glossary.econguru.com




<< minimum wage monopsony minimum efficient scale >>