Which of the following is a primary function of money?
A) to serve as a unit of account
B) to reduce the burden of excessive imports
C) to serve as an encouragement to work
D) to raise funds for the government

Question

Quizplus · Accepted Answer

The primary function of money is to serve as a unit of account, meaning a common measure that allows people to express prices and values in a standardized way. Money also serves as a medium of exchange and a store of value, but these are secondary functions. Choices B, C, and D are not primary functions of money.

Which of the Following Is a Primary Function of Money