Ebtihaj's Encyclopedia of Economics Wiki
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Any thing that can perform the following functions is Money:

  • unit of account
  • medium of exchange
  • store of value


Unit of account

A unit that defines the value/price of any element in a transaction.


Medium of exchange

A publicly acceptable commodity/element that can be used in a transaction for the exchange of good(s) and service(s).


Store of value

An element that has a quality to accumulate the value for future use.

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