Which of the following statements does NOT describe a function of money?
A) a store of value
B) a hedge against inflation
C) a standard of deferred payment
D) a unit of accounting

Question

Quizplus · Accepted Answer

While money can help protect against inflation by allowing you to purchase goods and services at current prices, it is not a guaranteed hedge against inflation. Inflation can still reduce the value of money over time, even if it is being held as a store of value or used for deferred payments. Therefore, option B is the statement that does not accurately describe a function of money.

Which of the Following Statements Does NOT Describe a Function