WebAug 13, 2024 · “The first chief function of money is to supply commodities with the material for the expression of their values… It thus serves as a universal measure of value… The … Money is a system of value that facilitates the exchange of goods in an economy. Using money allows buyers and sellers to pay less in transaction costs, compared to barter trading. The … See more Money is a liquid asset used to facilitate transactions of value. It is used as a medium of exchange between individuals and entities. It's also a store of value and a unit of accountthat … See more Money primarily functions as the good people use for exchanges of items of value. However, it also has secondary functions that derive from its use as a medium of exchange. See more In order to be most useful, money should be fungible, durable, portable, recognizable, and stable. These properties reduce … See more
Why do we use money? - Answers
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WebMar 24, 2024 · money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to … WebApr 11, 2024 · Fidelity Government Money Market Fund (SPAXX) 0.42%. 31% (0% in CA, CT, NY) Fidelity Treasury Money Market Fund (FZFXX) 0.42%. 30% (0% in CA, CT, NY) The … WebOct 11, 2024 · Money is a particular type of asset in an economy that people use to buy goods and services from other people or businesses. A medium of exchange is something that buyers will exchange with a... sleepin hotel casino