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<p>[QUOTE=&quot;Cloudsweeper99, post: 1049780, member: 3011&quot;]I would guess from your answer that you are quite young.&nbsp; I know your response is the &quot;modern&quot; answer, but I am old enough to actually recall the time when the following [from the Wikipedia article on money] was standard economic theory taught in Universities.&nbsp; Everyone should ask themselves why this is and who pushed the change.</p><p><br /></p><p>&quot;In the past, money was generally considered to have the following four main functions, which are summed up in a rhyme found in older economics textbooks: &quot;Money is a matter of functions four, a medium, a measure, a standard, a store.&quot; That is, money functions as a medium of exchange, a unit of account, a standard of deferred payment, and a store of value.&nbsp; However, most modern textbooks now list only three functions, that of medium of exchange, unit of account, and store of value, not considering a standard of deferred payment as a distinguished function, but rather subsuming it in the others.&quot;[/QUOTE]</p><p><br /></p>

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