Most basic economic textbooks give three main functions of money : as a medium of exchange, a unit of account and a store of value.
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One of the key functions of money besides serving as a medium of exchange is that of being a store of value, which is price stability.
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The function of money changes only slightly : it is a medium of exchange and unit of account, but stripped of the store of value function.
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Graeber states that the three main functions of money are to act as : a medium of exchange; a unit of account; and a store of value.
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The main functions of money are distinguished as : a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.
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The Lucas aggregate supply function states that economic output is a function of money or price " surprise . " Lucas was awarded the 1995 Nobel Economics Prize.
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Public capital is required to boost the housing supply for working families, and public policies are required to keep basic health care from being a function of money.
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He also mentions that there is nothing unique about gold and silver in fulfilling the functions of money and that money is the means to an end, not the end itself:
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Perhaps even more fundamentally, as illustrated by the remarks of lawyers on opposite sides of the latest dispute, it underlines a basic disagreement over the very function of money in the electoral process:
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Every time a dollar changes hands-it gets a fresh start, a clean bill of health . " The function of money is to circulate " : Every time money buys, every time money changes hands-money is circulating.
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