Unformatted text preview: ability to purchase other assets in the future without rapidly losing is purchasing power. A unit of account is a standard monetary unit of measurement of the market value or cost of goods and services or assets, it is one of three well known functions of money. It lends meaning to profits, losses, liability, or assets. I use money for everything. Money is an asset to any community. I have a savings account that I save my money in and it collects interest every 6 months. Money makes the world go round, without money you would not be able to purchase the necessities. There are different types of currency you can use such as a credit or debit card, a check, or even cash. Being that we are in the technology age most people use credit or debit cards where I use cash it is easier for me....
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This note was uploaded on 02/12/2012 for the course ALL all taught by Professor All during the Spring '10 term at University of Phoenix.
- Spring '10