Which of the following would not be considered a characteristic of money?
A) It is a store of value.
B) It is a means of payment.
C) It must have intrinsic value.
D) It is a unit of account.

Question

Quizplus · Accepted Answer

One of the key characteristics of money is that it serves as a medium of exchange, a unit of account, a store of value, and a means of payment. However, it does not necessarily have to have intrinsic value. Modern forms of money, such as fiat currency and electronic money, do not have any intrinsic value. Therefore, option C is not a correct characteristic of money.

Which of the Following Would Not Be Considered a Characteristic