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Grade 12th passBotany

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

Profile image of mayank ranka
5 Years agoGrade 12th pass
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1 Answer

Profile image of Rituraj Tiwari
5 Years 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.