Define money and describe its functions.

Money is defined as any financial asset that serves as a medium of exchange, a standard of value, and a store of wealth and it means different things to different people (Amacher & Pate, 2019). Money as we know it, is what is used to pay for goods and services. Money is a form of payment that was created to make life easier, to make buying and selling less of a hassle. Back in the days of bartering, you might trade crop for tools or a cow for a piece of equipment. This could put you in a bit of an unfair advantage if you were in a desperate situation. Money gives us the opportunity to for fair bartering. I need to keep my cow, but I also need your equipment; you really dont need the cow so heres my . Also, services such as...