Medium of exchange::
Any item sellers generally accept and buyers generally use to pay for a good or service; money; a convenient means of exchanging goods and services without engaging in barter.
Unit of account::
A standard unit in which prices can be stated and the value of goods and services can be compared
Store of value::
An asset set aside for future use
Money is a “stock” of some item or group of items (unlike income, for example, which is a “flow”)
Anything that is widely accepted as a medium of exchange can serve as money (paper, whales’ teeth, stones, etc)
currency (paper and coins) held by the U.S. Treasury, the Federal Reserve banks, commercial banks, and thrift institutions
checkable deposits of the government (specifically, the U.S. Treasury) or the Federal Reserve that are held by commercial banks or thrift institutions.
Savings deposits, including money market deposit accounts
Small-denominated (less than $100,000) time deposits
Money market mutual funds held by individuals