7 ms·
The most commonly accepted definition of money is: (1) Store of value. (2) Medium of Exchange. (3) Unit of account. This is specified in the article.
by arbawk 6y ago
The most commonly accepted definition of money is:
(1) Store of value.
(2) Medium of Exchange.
(3) Unit of account.
This is specified in the article.
- lurquer 6y agoOdd definition. It leaves out demand. Money is “the most marketable commodity.” Money is simply that for which a person would trade nearly anything else.
- scatters 6y agoThat's what's meant by medium of exchange. You're willing to trade anything for money because you can trade money for anything.