The value and functionality of money are determined by the_____________.

A. lack of credibility in other financial assets.
B. general acceptability to other people.
C. regulations defined by the Fed.
D. credibility in other financial assets.

Money has three functions: medium of exchange, store of value, and unit of account. Money is a medium of exchange because it allows individuals to make their transactions easily through a currency that is accepted between the parties involved.

Money is a store of value because keeping large quantities of money allows individuals to increase their wealth. Finally, money is a unit of account because it allows providing a numerical value to different types of resources, goods, and services.

The value and functionality of money are determined by the_____________. A. lack of credibility in other financial assets. B. general acceptability to other people. C. regulations defined by the Fed. D. credibility in other financial assets.

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The value and functionality of money are determined by the_____________.

A. lack of credibility in other financial assets.
B. general acceptability to other people.
C. regulations defined by the Fed.
D. credibility in other financial assets.