The three functions of money are medium of exchange,
A) measure of value, and standard of value.
B) measure of value, and store of value.
C) standard of value, and store of value
D) medium of value, and store of value.
E) measure of value, and deferred value.

Question

Quizplus · Accepted Answer

The three functions of money are medium of exchange, measure of value, and store of value. However, standard of value is not one of the three functions. The correct answer is B, as it correctly identifies measure of value and store of value as two of the three functions.

The Three Functions of Money Are Medium of Exchange