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The main feature of money is its acceptance as the means of payment or medium of exchange. 1_________________________. It is a standard of value, a unit of account, a store of value and a standard of deferred payment.
2___________________________. Workers work for money. 3___________________________. We accept money not to consume it directly but because it can subsequently be used to buy things we wish to consume. 4___________________________.
Nevertheless, money has other functions.
Money, the medium of exchange, is used in one-half of almost all exchange.
People buy and sell goods in exchange for money.
Money is also the medium through which people exchange goods and services.