The other functions of money are summarized under money

To put it simply, money is something that people choose or create to perform the function of money. In order to improve economic efficiency and promote the interests of everyone, the society spontaneously or artificially formed a certain institutional arrangement, and in the process of the operation of these systems, some tools are needed to perform some functions, and money is the tool that people choose or create to perform some of these functions, and the functions exercised by money are called monetary functions. The functions of money include the medium of exchange, the means of storage, the means of payment, and the function of the measure of value, etc.

One can choose different things to perform the function of money, but the choice is not arbitrary, because these functions require that the thing that is money have certain properties according to which one must select or create money. Just as the function of flight requires that the wings must have certain basic features, according to which nature must create the wings of birds, bats, and insects, and man must design the wings of airplanes according to these features. The process of money development can be seen as such a process of selection and creation, in which people are often unconscious, of course.

By analyzing the functions and corresponding characteristics of money, we can understand the internal logic of the development of the monetary system, why there is the current paper money standard, and what is money under the paper money standard. The clarification of this series of concepts is helpful for analyzing economic and financial problems and solving personal investment and financial management problems. ”

The key here is that it is not that there is money first and then there is a monetary function, but that in the process of social operation, there are some functional needs, and then money is created to perform these functions, and these functions are called monetary functions. There is no circular definition to say that "money is what people choose or create to perform the function of money".

The logic here is very smooth: in order to increase wealth, people have to exchange, store, and borrow; Exchange, storage, and lending activities require certain mediums and tools, and people choose or create something to act as a tool, which is money. The discussion of the function of money is to be:

1. Why do exchange, storage, and borrowing increase wealth? 2. What kind of tools are needed for exchange, storage, and lending? 3. Why can these different instruments be used by monetary unity?

The following discussion of the function of money basically revolves around these questions. Although these topics are similar to traditional theories, the content of these topics is very different from that of traditional textbooks due to the integration of basic argumentation strategies, and the structure is clearer. The main feature is that it highlights that the functions of the medium of exchange, the means of storage, and the means of payment are all rooted in certain social needs.

1. Value scale.

2. Means of circulation.

3. Storage means.

4. World currency.

5. Means of payment.

Money is a fixed special commodity that acts as a general equivalent.

The function of money is determined by the essence of money, and it is the concrete embodiment of the essence of money. Money has five main functions:

1) Value scale: refers to the value of other commodities measured by their own value. Money performs the function of a measure of value, and does not need real money, but only conceptual money.

2) Means of circulation: refers to the medium of exchange of commodities as money. Money acts as a means of circulation, it must be real money, but it does not have to be full value.

3) Means of payment: refers to the function performed by the use of money to pay off debts in the event of purchase and sale on credit.

4) Means of storage: refers to the withdrawal of money from the field of circulation and the storage of money by people as a general representative of social wealth. Money, as a means of storage, must be metal money or metal bars of sufficient value.

v) World currency: refers to the role of money in the world market as a means of purchase, means of payment and a representative of social wealth.

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There are also high-quality students who accompany them throughout the process and online class guides for 1v1 guidance. Money has five functions: the measure of value, the means of circulation, the means of payment, the means of storage, and the world currency.

1) The meaning of the value scale: Money, as a value scale, is to use money as a measure to express and measure the value of all other commodities.

2) The meaning of means of circulation: In commodity circulation, money acts as a medium of exchange for commodities, which is called a means of circulation.

3) Means of storage: Storing money as a representative of social wealth is the function of the means of storing money.

4) Means of payment: Money is used to pay off debts or pay taxes, rents, wages, etc., which is the function of means of monetary payment. The function of money as a means of payment does not exist at the same time as the production of money, but appears with the generation of credit trading.

5) The meaning of world currency: World currency refers to the currency that has the function of acting as a general equivalent in the world market (sorry, these are what I looked up from the Internet in the hope it will help you).

The value scale and the means of circulation are the basic functions of money, the value scale is a function used to measure and represent commodities, and the means of circulation is the function of money as a medium for commodity exchange.

In addition to the basic functions, money also has other functions, such as means of payment, means of storage, world currency, etc.

The function of money.

There are: the scale of value, the means of circulation, the means of storage, the means of payment, the international currency.

1. Value scale.

When money implements the value scale, it does not need real money, only conceptual money.

The memory of the scale of value can measure the value of a commodity in the same way that a ruler that measures length has its own length, and a weight that weighs something itself.

The currency itself is also a commodity and has value. For example, if a bicycle is worth 1 gram**, it is the value scale function of money.

2. Means of circulation.

Money functions as a medium of exchange for commodities. In the process of exchanging goods, the seller of goods converts goods into money, and then uses the money to buy goods. Here, money plays the role of a medium of exchange, performing the function of a means of circulation.

For example, when we buy something, we need to pay money with one hand and deliver it with the other, and the currency is transferred from our own hands to others, which is the function of the means of circulation.

3. Storage means.

The currency used as a means of storage should be metal money of sufficient value (e.g. gold and silver bars, etc.).

However, there are differing views on whether banknotes can be used as a means of storage. The conventional wisdom is that only real, sufficiently valuable metal money is something that people are willing to preserve and use as a means of storage.

However, some people believe that if the amount of paper money issued does not exceed the amount of metal money needed for commodity circulation, paper money can represent the corresponding amount of metal and maintain stable social purchasing power.

4. Means of payment.

The function that money performs when it is unilaterally moved as an independent form of value.

For example, money is used to settle debts, pay taxes, pay wages and rents, etc.

5. International currency.

Due to the occurrence and development of international currency, currency circulation goes beyond the scope of a country and plays a role in the world market.

For example, the international community uses the US dollar as a payment settlement.

The U.S. dollar is beyond the boundaries of the country and can be used around the world, which is the function of the world currency.

Answer]: a, b, c, e

The functions of money include: medium of exchange, unit of account, store of value, and standard of deferred payment.

Money has a total of five functions, which are as follows:

1. Value scale.

It refers to the use of money as a social scale to measure the amount of value contained in commodities, and the reason why money can have the function of value scale is because money itself also has value, so it can use its own value as a yardstick to measure the value contained in other commodities;

2. Means of circulation.

It refers to the function of using money as a medium of mutual exchange between different commodities, that is, a means of purchase, and the main feature of this function is that the transfer of commodities and the transfer of money can be completed at the same time in the purchase and sale of commodities.

3. Storage means.

It refers to the function of money to withdraw from circulation and be preserved as the general representative of social wealth, and the function of the storage means of money is to spontaneously regulate the total amount of money circulating in society.

4. Means of payment.

This function was born out of the creation of the sale of goods on credit, in which money could be used to pay for debts in the transaction, and later developed into the payment of rent, interest, taxes, wages, etc.

5. World currency.

It refers to the function of money beyond the domestic circulation field to perform the function of general equivalents in the world market. Its function as a world currency is mainly manifested in the following: as a general means of payment, it is used to pay for the net balance of payments, as a general means of purchase, it is used to purchase foreign goods, and it acts as an absolute social embodiment of wealth, which is transferred from one country to another.

There are five functions of money: world currency, value scale, means of circulation, means of payment, and means of storage. These five are the specific forms of the monetary judgment function.

These five functions of money have developed along with the development of the economy. The two most basic functions are the value scale and the means of circulation. Money is first of all a measure of value, that is, to measure whether a commodity has value or not, and then as a means of circulation to realize its value.

1. Value scale: The value scale of money is that currency uses the scale to measure whether other commodities have value;

2. Means of circulation: in commodity circulation; The role of money is that of a medium of exchange for commodities; i.e. means of circulation;

3. Storage means: the method of storing money as social wealth, that is, the storage means of money;

4. Means of payment: Money is used to pay off debts or pay taxes, rents, etc., and it is a means of payment for money. The function of money as a means of payment arose with the creation of the business of open account;

5. World currency: Currency can replace its equivalent in the world's market, that is, the function of world currency.

Monetary functions. It refers to the concrete embodiment of the essence of money. in a developed commodity economy.

Under these conditions, money has a measure of value, a means of circulation, a means of storage, a means of payment, and a world currency.

Five functions. These five functions of money were gradually formed with the development of the commodity economy. Among them, the measure of value and the means of circulation are the most basic functions of money.

Money is first used as a measure of value, measuring whether and how much value a commodity has, and then as a means of circulation to realize the value of the commodity.

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The function of money refers to the concrete embodiment of the essence of money. Under the conditions of a developed commodity economy, money has five major functions: a measure of value, a means of circulation, a means of storage, a means of payment, and a world currency.

The five major functions of money are gradually formed with the development of the commodity economy Among them, the value scale and the means of circulation are the most basic functions of money Money is first used as a value scale to measure whether a commodity has value and how much value it has, and then it is used as a means of circulation to realize the value of the commodity.

Value Measure - The function of money to express the value of commodities and measure the amount of value of commodities.

Money performs the function of measuring value, i.e., showing the value of all commodities as a certain amount of money This is because money itself is a valuable commodity.

Means of circulation – In commodity circulation, money functions as a medium of exchange for commodities.

The function of money as a means of circulation is developed in the exchange of commodities. Before the advent of money, the exchange of goods took the form of direct exchange of things.