Money performs all of the following functions EXCEPT serving as a i. medium of exchange.
Ii. unit of account.
Iii. barter mechanism.
A)i only
B)ii only
C)iii only
D)i and ii
E)ii and iii

Question

Quizplus · Accepted Answer

Money does not serve as a barter mechanism, as bartering involves the direct exchange of goods and services without the use of a medium of exchange like money. Money does, however, serve as a medium of exchange and a unit of account.

Money Performs All of the Following Functions EXCEPT Serving as a I