Eco/212 Money Research Paper

287 Words2 Pages
Money Faye West XECO/212 February 08, 2015 Audra Sherwood Money Money is something that we use every day and is very valuable in our life. Money serves as a medium of exchange, Money serves as a medium of exchange, a unit of account, and a store of value. Medium of exchange is the way that most people use money. Money is used in exchange for goods and services. When I go to the grocery store, I may fill my buggy with many different types of items. Regardless, all the different goods are paid for with money. Money is also used as a unit of account. Unit of account is the way that we describe the value of something. I use money as a unit of account when I pay for the gym. I know it is going to cost $20 but the gym is worth $20. Money

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