The function of money that is not typically considered is "general acceptability". This is because general acceptability is not actually a function of money, but rather a characteristic of money that enables it to serve its functions effectively.
The three primary functions of money are:
1. Medium of exchange: Money is used to facilitate transactions by acting as a medium of exchange, allowing people to trade goods and services without having to rely on barter.
2. Store of value: Money serves as a store of value, meaning that it can be saved and used to make future purchases.
3. Standard of deferred payment: Money can also be used as a standard of deferred payment, meaning that it can be used to settle debts and make payments at a later time.
General acceptability is a characteristic of money that ensures that it is widely accepted by people in an economy as a means of payment for goods and services. This means that money needs to be trusted and recognized as having value by everyone in the economy. Without general acceptability, money would not be able to function effectively as a medium of exchange, store of value, or standard of deferred payment.