Which is NOT one of the three basic functions of money?
A) a means to collect taxes
B) a medium of exchange
C) a measure of value
D) a unit of account

Question

Quizplus · Accepted Answer

The three basic functions of money are as follows:
1) Medium of Exchange: Money serves as a widely accepted and convenient way to buy and sell goods and services.
2) Measure of Value: Money acts as a common measurement of the worth of different goods and services.
3) Unit of Account: Money provides a common unit of measurement for expressing debts and credits. Although taxes can be collected using money, it is not one of the three basic functions.

Which Is NOT One of the Three Basic Functions of Money