All of the Following Are Functions of Money EXCEPT

question 220

Multiple Choice

All of the following are functions of money EXCEPT:

• A) as a medium of exchange.
• B) as a unit of account.
• C) as a store of value.
• D) as a standard value.

---

Definitions:

Technological Advance

The development and application of innovative techniques, tools, or methods that enhance efficiency, productivity, or quality.

Production Possibilities Frontier

An illustration representing the optimal production capabilities for a pair of items, using specific resources and conditions.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicating a rise in the standard of living.

Productive Efficiency

A situation where the economy or an enterprise is producing goods and services at the lowest possible cost.