Which statement is true?

Question

Quizplus · Accepted Answer

The main job of money is indeed serving as a medium of exchange, enabling the buying and selling of goods and services. While money may also act as a store of value or unit of account, these are secondary functions. Option A is incorrect as money can and does perform both at the same time. Option C is incorrect as money can function as both a standard of value and a standard of deferred payment simultaneously. Option D is ambiguous as the effectiveness of money as a standard of deferred payment may vary depending on the context.

Which Statement Is True