asked 203k views
5 votes
What are the three main purposes of money? In your answer

2 Answers

3 votes

Answer:

Money replaces the need for bartering because it creates an easy way to analyze, exchange, and store value. As a medium of exchange, money allows us to easily trade value for a product we want to purchase. Because money is a unit of account, we can assign a dollar value to products. Finally, because money allows us to store value, we can accumulate value over time. In each case, we have more options than bartering would provide.

3 votes

Answer:Three main purposes for money would be to buy consumables like food and drinks, you also need money for emergency's, and you need money to buy a house

Step-by-step explanation:

answered
User Alban Soupper
by
7.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.