Map of Canelands on JOSEPH GERINGER SYED B. HUSSAIN, PH.D. UNIVERSITY OF WISCONSIN, OSHKOSH functions of money PRINCIPAL CAPABILITIES common to all generally accepted forms of MONEY that include medium of exchange, store of wealth, unit of account, and means of deferred payment are described as the functions of money. Some form of money has characterized nearly every civilization throughout history and continues to be a significant part of almost every culture in the world today. While the type of money may vary considerably throughout history and across the world, common features can be found. Prior to money systems, societies relied primarily on BARTER to exchange with one another. Map of Canelands 2016.
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