Question
Which of these is not a function of money? Store of value Measure of value Durability Medium of Exchange
Answer
4.7
(287 Votes)
Edwin
Elite · Tutor for 8 years
Answer
C - Durability.
Explanation
Money serves several key functions that form the foundation of any sound financial system. These functions including acting as a store of value, whereby money can be saved and used later without losing value; a measure of value, which refers to money's role in providing a common measure of the value of goods and services; and a medium of exchange that facilitates the exchange of goods and services in an economy. On the other hand, durability is a characteristic or requirement of money, but not a function. Durability ensures that money can withstand wear and tear; however, it represents neither a societal role that money plays nor an economic operation it performs. Therefore, the option stating that durability is a function of money is inaccurate.