Which are functions of money? Select the three correct answers. (1 point) Responses store of value store of value producer of resources producer of resources unit of account unit of account medium of exchange medium of exchange record of finances record of finances unit of output
The three correct functions of money are:
1. Store of value: Money can be saved and retained for future use, allowing individuals and businesses to preserve their wealth and purchasing power.
2. Medium of exchange: Money facilitates the buying and selling of goods and services by acting as an accepted form of payment.
3. Unit of account: Money provides a common measurement for the value of goods, services, and assets, allowing for efficient comparisons and calculations.