Anonymous
Anonymous asked in Social ScienceEconomics · 1 year ago

According to economics, what is the definition of money?

4 Answers

Relevance
  • ?
    Lv 6
    1 year ago
    Favourite answer

    Money should perform 3 functions: a medium of exchange, a store of value and a unit of account. It does not mean that the central bank should print or control it.

  • 1 year ago

    In life, it is food. Without food there is no economy.

  • ?
    Lv 7
    1 year ago

    Money is time. No need to waste.

  • gerald
    Lv 7
    1 year ago

    commerce its a promise to pay

Still have questions? Get answers by asking now.