Money – the primary function of money is that it allows people and institutions to exchange goods and services with each other. It has secondary functions that are related to its role as a medium of exchange. For example, it can help people keep track of the value of different kinds of items over time and across transactions. It can also be used as a unit of account, which is important when comparing the prices of different goods and services. It can also be useful in keeping track of debts and obligations. Finally, it can act as a store of value and a means of exchange for those goods and services that are scarce.
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