which of the following is not a function of money?

Assessment: WAEC SSCE - Economics - 1989 (Objective) Subject: Economics

Question 1 Report

which of the following is not a function of money?
Answer Details
Stability in value is not a function of money. Money serves as a medium of exchange, unit of account, and store of value. It also provides a standard for deferred payment and serves as a measure of value. However, while money can maintain its value over short periods of time, it is subject to fluctuations in value due to inflation or deflation over longer periods. The stability of money's value is influenced by a variety of factors, such as government policies, economic conditions, and market forces. Therefore, stability in value is not a function of money, but rather an ideal characteristic that money should possess.

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