Money and the Financial System and Banking and the Money Supply

Answer the following questions:

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

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– 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?

each of the questions must have at least a half of page of writing (150 words)

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.