Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Which of the following functions of money enables society to gain the benefits of geographic and
labor specialization?
medium of deferred payment
unit of account
store of value
medium of exchange

Sagot :

GinnyAnswer

Final answer:

Money as a medium of exchange enables geographic and labor specialization, serves as a store of value, and acts as a unit of account.


Explanation:

Money serves three primary functions: medium of exchange, store of value, and unit of account. The medium of exchange function allows money to facilitate the exchange of goods and services, promoting geographic and labor specialization. Additionally, as a store of value, money retains its worth over time enabling savings and investment. Lastly, as a unit of account, money serves as a common measure of value to express prices uniformly.


Learn more about Functions of Money here:

https://brainly.com/question/14253896


Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.