Functions of money

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Finance

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4 Terms

1
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Unit of account

The measure of value a product/service.

2
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Legal tender

What is legally accepted as a method of exchange it is usually accepted and valued by the goverment.

3
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means of exchange

a currency that is often accepted for the payment of a product or service.

4
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Store value

The value of a currency and how it maintains its value over long periods of time

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