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Which of the following is not a function of money? A Medium of exchange B Store of value C Standard of deferred payment D A hedge against inflation

Which of the following is not a function of money?

A

Medium of exchange

B

Store of value

C

Standard of deferred payment

D

A hedge against inflation

 
 
 

Grade:12th pass

1 Answers

Rituraj Tiwari
askIITians Faculty 1792 Points
10 months ago
Money refers to a common medium of exchange that is issued under the law of government and acts as a legal tender for the whole country. The functions of money can be classified into two categories:
1. Primary function: The primary function of money includes money as a medium of exchange and money as a measure of value.


2. Secondary function: The secondary function of money includes money as a store of value and money as a standard of deferred payment.



Therefore, power indicator is not a function of money.

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