Question #273662

A worker gets wages (salary) from a capitalist. What function will money play in this case? What functions of money do you know?


Expert's answer

Money has taken many forms through the ages, but money consistently has several functions: a medium of exchange, a store of value, a unit of account, and a standard of deferred payment.

In the case of salary, money play the role of a standard of deferred payment.


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