1. Medium of Exchange
2. Money as a unit of value
3. Standard of deferred payment
4. Store of value: - Under barter system storing of value in terms of money. Money occupies less space in comparison with goods. It is comparison with goods. It is durable and money is an asset and can be stored in future. Money helps people to transfer their purchasing power from present to future. So, money is a way to store the value.
