Which of the Following Is NOT Considered a Function of Money

question 533

Multiple Choice

Which of the following is NOT considered a function of money?

• A) It acts as a means of payment.
• B) It facilitates exchange.
• C) It allows banks to lend out funds.
• D) It can be held and exchanged for future goods and services.

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Definitions:

Pay Structure

The organization and hierarchy of different levels of pay within a company, including pay ranges, grades, and progressions.

Pay Grades

A system of categorizing compensation levels based on job titles, responsibilities, and qualifications to standardize salaries across an organization.

Pay Ranges

The spectrum of compensation, from minimum to maximum, offered for specific roles or positions within an organization, often based on experience, skills, and market rates.

Broad Banding

A compensation strategy that consolidates numerous pay grades into fewer wide bands, offering flexibility in job roles and pay.