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

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