Answered

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When money is used in a trade instead of the direct exchange of goods, it acts as a:

A. unit of account
B. trade equalizer
C. currency converter
D. medium of exchange

Please select the best answer from the choices provided.
A
B
D

Sagot :

GinnyAnswer

Final answer:

Money acts as a medium of exchange and a unit of account, facilitating trade and providing a measure of value.


Explanation:

Money serves as a medium of exchange, allowing goods and services to be traded efficiently without the need for direct barter. It acts as a unit of account, providing a consistent measure of value for different goods and services. Additionally, money functions as a store of value, allowing for future transactions.


Learn more about Functions of Money here:

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