In any given economic system, the function of money is to be a:
A)medium of exchange
B)tool for the wealthy classes
C)tool for the oligopoly
D)medium of competitive qualities

Question

Quizplus · Accepted Answer

In any given economic system, the function of money is to be a medium of exchange.
Key Takeaway: Money serves a number of functions in a given economic system including a medium of exchange. Other functions of money is to store wealth and a means to establish the value of future payments on goods and services.

In Any Given Economic System, the Function of Money Is