Secondary Functions – store of value, unit of account and a standard of deferred payment

The first secondary function of money is its ability to be a store of value, as holders can use it as a means of saving and allocating capital. In other words, money if a stable currency should over time either be worth the same or more. An economy must have money as a credible store of value so citizens can engage in trade, labour, saving, and spending. 

Money can also be used as a unit of account. This means that money can be used to value goods and services, record debts, and to compare money values of various combinations of different quantities of different goods and services. In simple terms, money can be a measurement for value. 

As a standard of deferred payment, money can be used as a means of accepting a way of valuing a debt, allowing goods or services to be acquired by an individual, and then paid for at a future date. For example, an individual can loan a quantity of money to any other individual, with the quantity of money repaid agreed upon for a future date.