What are the three important functions of money

Reference no: EM131227926

1. (Functions of Money)What are the three important functions of money? Define each of them.

2. (Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard?

Reference no: EM131227926

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