Title: Function Of Money

Essay Details

Subject: Business
Author: Lucille A
Date: October 22, 2011
Level: University
Grade: B
Length: 3 / 717
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Cash or bills, coins and accounts at banks are considered as money. Whether money is currency or checking account, it has three primary functions in the economy: as a medium of exchange, a unit of account, and a store of value. Firstly, in almost all market transactions in our economy, money in the form of currency or checks is a medium of exchange or we can say it is used to pay for goods and services...

Showed first 250 characters

Do you need an essay?

Here are the options you can choose from:

  • Order plagiarism free custom written essay
  • All essays are written from scratch by professional writers according to your instructions and delivered to your email on time
  • Prices start from $12.99/page

Do you need many essays?

FULL access to essays database

  • This option gives you the immediate access to all 184 988 essays
  • You get access to all the essays and can view as many of them as you like for as little as $28.95/month

The use of money as a medium of exchange promotes economic efficiency by eliminating much of the time spent in exchanging goods and services. In fact, without money the price of every goods and services that we want to trade would have to be expressed in terms of exchange ratios. Moreover, buyers and sellers need to have an exact coincidence of wants which means that we have to find a person who has the goods or services which we want and that person also wants the products that we have to offer, so we will be difficult and time consuming, and the time we waste on trying to exchange products is called a transactions cost...

Showed next 250 characters

If you cannot find any suitable paper on our site, which happens very rarely, you can always order custom written paper which will be written from scratch by our professional writers and deliver to you on requested time.
  • Your research paper is written by certified writers
  • Your requirements and targets are always met
  • You are able to control the progress of your writing assignment
  • You get a chance to become an excellent student!

Common topics in this essay:


Similar Essays:


2 pages / 348 words

Monetarists- Old School Econ

2 pages / 451 words

Andrew Carnegie's Gospel of Wealth

1 pages / 285 words

Gen 300

1 pages / 206 words


2 pages / 575 words

The Economy

2 pages / 508 words

Gas Prices

3 pages / 605 words