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 Money can also be used to place a value of an item..

Prices are
Unit of expressed in monetary terms..

account  A news paper may be priced at $2and a book at $30. This


function of acting as a unit of account.
 The fourth function of money is to act as a standard of deferred
payments.

Standard of  This means that money allows people to borrow and lend.
 Someone who wants to buy something now can get it by
deferred borrowing money from someone who does not want to use it

payments now. They can make an arrangement about the amount to be


repaid in the future.

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