Which statement concerning the function of money is incorrect?
A) Money is used as a yardstick for measuring the values of goods and services.
B) Money helps people avoid the problem of lack of a double coincidence of wants.
C) Money helps people save time in purchasing goods and services.
D) Money does not lose value when inflation occurs.

Question

Quizplus · Accepted Answer

Money can lose value during inflation as the general price level rises, which reduces the purchasing power of the money.

Which Statement Concerning the Function of Money Is Incorrect