What Are The 4 KEY FUNCTIONS of MONEY? | Economic Concepts Explained | Think Econ
4:15
YouTubeThink Econ
What Are The 4 KEY FUNCTIONS of MONEY? | Economic Concepts Explained | Think Econ
Anything can be used as money... Well... almost. In this video we explain the 4 key functions of money: it must be a medium of exchange, serve as a unit of account, serve as a store of value, and offer a standard of deferred payment. Knowledge of these concepts is very important in an introductory macroeconomics or business class, so be sure to ...
3.6K viewsNov 4, 2021
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