Anonymous asked in Social ScienceEconomics · 3 months ago

According to economics, what is the definition of money?

4 Answers

  • Oiy
    Lv 4
    3 months ago
    Favorite Answer

    Money should perform 3 functions: a medium of exchange, a store of value and a unit of account. It does not mean that the central bank should print or control it.

  • 3 months ago

    In life, it is food. Without food there is no economy.

  • 3 months ago

    Money is time. No need to waste.

  • gerald
    Lv 7
    3 months ago

    commerce its a promise to pay

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