Money is
A unit of measurement (more)
We can compare costs, income, and profit across time
It is a foundation of the accounting system and allows us to plan and make economic decisions
A means of storing purchasing power for future use
As a reserve, money allows us to accumulate savings over time and to lend those savings to someone else
It makes it much simpler for us to make contracts
We use it to promise to do something now for payment in the future
The Bank of Canada (2002). What is money? http://www.bankofcanada.ca/en/backgrounders/bg-m1.htm
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