Which Function(S) Of Money Informs The Consumer What Currency To Use To Obtain A Good Or Service?

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Question

Which function(s) of money informs the consumer what currency to use to obtain a good or service?

Answer

The third function explains that money is a medium of exchange. It means that it is better to use the money used in the country itself to gain better service because it would provide better protection. Costumers would be more satisfied if the business would accept the money they have and it would be safer and mutually good for both if the customer would transact using the currency country’s currency.Source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money

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