3 Functions of Money: Unit of Account, Payment & Value
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3 Functions of Money: Unit of Account, Payment & Value
We explore the three core functions of money: serving as a unit of account, facilitating payments for goods, services, and financial assets, and acting as a store of value. Understanding these functions is crucial for grasping how money works in markets and why central banks intervene to ensure its smooth operation. #MoneyFunctions #Economics # ...
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