"Money serves as a​ . A. unit of​ account, which means that it can be held and exchanged later for goods and services B. store of​ value, which is a function unique to money C. medium of​ exchange, which means that it is generally accepted in exchange for goods and services D. store of value because even during a period of inflation its value does not change"

c

Explanation:

Money is anything that is generally accepted as a means of payment for goods and services and for repayment of debt.

Functions of money  

1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans

2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans

3. Store of value : money can retain its value over the long term, this it can be used as a store of value.

Inflation reduces the value of money.

Inflation is a persistent rise in the general price levels

Types of inflation

1.demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2.cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

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