Which of the Following Is NOT a Function of Money

question 42

Multiple Choice

Which of the following is NOT a function of money?
i. Unit of account
ii. Store of value
iii. Unit of debt

• A) i only
• B) ii only
• C) iii only
• D) i and ii
• E) ii and iii

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Definitions:

UCC

The Uniform Commercial Code encompasses a detailed framework of laws managing commercial interactions across the United States.

Obligee

A contractual party who agrees to receive something from the other party.

Third-Party Rights

Third-party rights refer to the rights that the law grants to individuals or entities who are not directly involved in a contract but may be affected by it.

Donee Beneficiary

A third party who benefits from a contract made between two other parties.