What is money? Please list the functions of money and discuss the meaning of each of the functions. Please talk about why your signature can’t serve as money based on the five criteria we studied in the class.

Q: What are six qualities of the ideal money?

A: Money is basically the trustworthy item or a verified thing which is used for the exchange of goods…

Q: Name any item that is a store of value, but does not serve the other functions of money. Explain…

A: "The three main functions of money are a medium of exchange, store of value, and a unit of account."

Q: What are the main functions of money ?

A: Money refers to anything that is widely accepted in an economy as payment in exchange for goods and…

Q: Differentiate between bank money and central bank money.

A: A central bank is a bank for bankers. The financial system is often managed by an institution that…

Q: Explain money, types and functions of money.

A: Human needs a variety of goods and services to sustain life but they have the skills to produce one…