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1 year, 6 months ago via economicsquestions.com

What is the functionof money?

Is money just money? Do all country's have their own money? How is a standard for money set up?
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mbtan82 | 1 year, 6 months ago
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Money is needed all the time to pay for your needs and wants. Business owners circulate money to their employees, suppliers, and stockholders. When money is circulated, it generates wealth. Money, despite the profit earned, ought to be saved at least 10% monthly. When your savings accumulate annually depending on the interest rate of the bank, you can watch your money grow over time. Part of your savings can be invested in profitable ventures.

The elite continuously create cashflow to benefit strangers. They can create products that will appeal to the public and make the lives of strangers better. Money is the most valuable piece of paper invented. Without it, mankind cannot survive. Money, regardless of the currency it shows on the paper or coin, is the most important human creation.

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Owls | 1 year, 6 months ago
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Money is the lubricant of trade.

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cu2005 | 1 year, 6 months ago
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The functions of money are the following,
• Unit of value
• Medium of exchange
• Standard of deferred payments
• Store of value

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