Functions of money
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Last updated 8:59 AM on 12/13/24
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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
Note 
Flashcards (77)