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1. Medium of exchange.

The functions 2. Store of value.

of money 3. Unit of account.


4. Standard of deferred payments.
 Money allows people to buy and sell products . In carrying out
Medium of this function , money is said to act as a medium of exchange.

exchange  Products are exchanged for money and that money is used to
buy other products.
 Acting as a store of value means that money can be saved.

Store of value  Money ,however , does not deteriorate with time and hence will
be acceptable in the future.

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