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Chapter 18 Clip 1 Functions of Money

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Uploaded by on Sep 23, 2008

In this movie clip, I discuss the 3 major functions of money, which are: Medium of Exchange, Store of Value, and Unit of Account. I also discuss why it isn't a good idea to have a barter economy (an economy where there is no money). Moreover, I discuss the dangers of hyperinflation (where most prices in a country are rising at a very rapid rate).

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Education

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Uploader Comments (Neilio55)

  • Very helpful, THANKS!

  • @TeeksPr Cool :)

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  • thankss alot helped me alot on my economics tests

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