Money and the Financial System and Banking and the Money Supply

Your assignment is worth 6 pts, and each of the questions must have at least a half of page of writing

In addition your answers must prescribe to APA format.. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. And, please do not forget to reference your in-text. Lastly your assignment must be submitted via “Safeassign” in order to obtain your max points your work must be original in at least 70%.

Answer the following questions:

– What are the three important functions of money? Define each one of them.

– Why is universal acceptability such an important characteristic of money? What other characteristics can you think of that might be important to market participants.

– In acting as financial intermidiaries, what needs and desires of savers and borrowers must banks consider?