Get premium membership and access questions with answers, video lessons as well as revision papers.

State six functions of money

      

State six functions of money

  

Answers


Simon
• Money acts as a store of value
• Money acts as a medium of exchange
• Moneys is a measure of value
• Money is used in transfer of immovable properties.
• Money aids specialization, production and trade
• Money is an instrument for making loans.
• Money is a tool of monetary management.

skilled writter answered the question on May 1, 2018 at 16:07


Next: Differentiate between money and wealth.
Previous: Define the term insurance according to commission on insurance terminology of the American Risk.

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions