Which Statement Concerning the Function of Money Is Incorrect

question 49

Multiple Choice

Which statement concerning the function of money is incorrect?

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

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Definitions:

Minimum Necessary

A principle in healthcare and privacy laws requiring the least amount of personal information to be used or disclosed for a specific purpose.

Keyboard

A device with buttons or keys for entering data into a computer or other electronic devices.

Hardware

The physical components of a computer system, such as the hard drive, CPU, monitor, and peripherals.