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Which of these is not a function of money? Store of value Measure of value Durability Medium of Exchange

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Which of these is not a function of money?
Store of value
Measure of value
Durability
Medium of Exchange

Which of these is not a function of money? Store of value Measure of value Durability Medium of Exchange

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EdwinElite · Tutor for 8 years

Answer

C - Durability.

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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.
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