Answer to Question #59210 in Economics for Jerry

Question #59210

What are the 3 properties that make up the value of money?

Expert's answer

The properties, which make the value of money, are:
1) a store of value;
2) a medium of exchange;
3) a unit of account.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Identify the likely problems that can be encountered in the compilation of National Income Accountan
2. Farmers can plant either corn or soybeans in their fields. Suppose that a new technology for convert
3. ZZZ Company has $15,000 to invest. Management is trying to decide between two alternative uses for t
4. Amanda has bought a second-hand car for $4000 she plans to keep it for 4 years, at the end of which
5. true or false East Asia is considered a less developed nation.
6. Which type of firms are the major players in Barbados? Are they locally owned or foreign owned? Priv
7. A firm in a monopolistic competitive market: a)can change output levels without having any signific