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lakkis [162]
2 years ago
12

What are the three main purposes of money? In your answer, be sure to explain why each purpose helps us to eliminate the need fo

r bartering.
Social Studies
2 answers:
erastovalidia [21]2 years ago
3 0
The three main purposes of money are : for the purpose of buying and selling products and services (medium of exchange), money is used to measure the value or worth of products and services and finally it is used to store wealth that is easily spent. This means that it is a liquid asset; it can be easily used to purchase goods and services. Having a tangible item such as money eliminates the need for trading exchanging one item for another in bartering. 
kherson [118]2 years ago
3 0
Money<span> replaces the </span>want<span> for bartering </span>as it<span> creates an </span>clean manner to research<span>, </span>change<span>, and </span>keep price<span>. As a medium of </span>exchange<span>, </span>cash permits<span> us to </span>without difficulty trade fee<span> for a product we </span>want<span> to </span>purchase<span>. </span>due to the fact cash<span> is a unit of account, </span>we will<span> assign a </span>greenback cost<span> to </span>merchandise<span>. </span>in the end<span>, </span>because moneyallows<span> us to </span>shop cost<span>, </span>we are able to accumulate fee over time<span>. In </span>each<span> case, </span>we've got extra options<span> than bartering </span>would offer<span>.</span>
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