Which Statement Concerning the Function of Money Is Incorrect

question 268

Multiple Choice

Which statement concerning the function of money is incorrect?

• A) Money gives us a yardstick for measuring the values of goods and services.
• B) Money helps us avoid the problem of lack of a double coincidence of wants.
• C) Money helps us save time in purchasing goods and services.
• D) Money does not lose value when inflation occurs.

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Definitions:

Friendship Groups

Social formations that consist of individuals who choose to interact with each other based on shared interests, values, or experiences.

Support Groups

Gatherings of individuals who share common experiences or issues, offering each other encouragement, understanding, and advice.

Interest Groups

Organizations or groups of individuals that advocate for specific causes or policies.

Task Force

A temporary group of people formed to solve a particular problem or carry out a specific assignment.