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Description
Flashcards by hannahcollins030, updated more than 1 year ago
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Created by hannahcollins030
over 10 years ago
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| Question | Answer |
| A Means of Exchange/Primary Function | Money enables people to freely exchange g&s that they don't produce. Overcomes bartering. |
| A Measure of volume/Unit of account | The amount of money given for a product is the reflection of the value of that product |
| A means of Deferred Payment | Get a good now and pay later as money won't lose value. Increase sales & stimulate economy. |
| A store of Wealth | Save money now and will still be valuable later. High inflation undermines this |
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