The functions of money do not include
A)a unit of account.
B)a medium of exchange..
C)a store of value.
D)an exchange of purchasing power.
E)any of these.

Question

Quizplus · Accepted Answer

Exchange of purchasing power is not one of the functions of money. This concept is related to inflation, which affects the purchasing power of money over time. Money serves as a medium of exchange, a unit of account, and a store of value, but it does not guarantee a fixed value or purchasing power over time.

The Functions of Money Do Not Include