What are the three primary functions of money?

Show Answers

Promissory note, protection against inflation, and value reservoirMeans of trade, inflation protection, and value reservoirMeans of trade, measurement unit, and promissory noteMeans of trade, measurement unit, and value reservoirMeans of trade, measurement unit, and value reservoir

Explanation

The three main functions of money are to act as a medium of exchange, serve as a unit of account, and function as a store of value. Options mentioning IOU or inflation hedge are incorrect as these are not primary functions of money.