Question:
Which of the following is NOT a function of money?
(1) Medium of exchange.
(2) Store of value.
(3) Unit of account.
(4) Standard of deferred payment.
(5) Measure of infinite wealth.
Correct Answer:
(5)
Answer Explanation:
The four standard functions of money are: Medium of Exchange, Store of Value, Unit of Account, and Standard of Deferred Payment. “Measure of infinite wealth” is not a recognized economic function.
Topic: Money and Banking Year: 2024
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