Which of the following are correct statements about the functions of money?
(A) Money serves as a medium of exchange.
(B) Money serves as a store of value, allowing individuals to defer consumption.
(C) Money has no role as a unit of account.
(D) Money facilitates the transfer of value across time and space.
(E) Money is used as a standard for deferred payments.
1
(B), (C), and (E) only
2
(A), (B), and (D) only
3
(A), (C), and (D) only
4
(A), (D), and (E) only