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Money is supposed to serve three purposes: it functions as a medium of exchange, a unit of account, and a store of value.
For its first three years the euro functioned as a unit of account but not a medium of exchange.
The extended family household probably functioned as a unit of land use and food production.
The calpulli functioned as a unit of taxation to the central government, as a unit of corvée labour, and as a military regiment.
"He knows it is only a matter of time before his battalion receives all the resources it requires to function as a unit capable of all military functions".
It functioned as one business unit of a big, old company.
But for the consulting industry, its making was a test of how such highly competitive and ordinarily secretive rivals would function as a unit.
The defense has functioned as a unit this year, appearing to be extremely organized.
While they still functioned as a unit, they exercised quality control on each other's songs.
"This band functions as a core unit but it also functions as a family.
One familiar benchmark says that for a currency to become money it must function as a medium of exchange, a unit of account, and a store of value.
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