Which of the Following Is Not a Function of Money

question 163

Multiple Choice

Which of the following is not a function of money?

• A)to act as a medium of exchange
• B)to act as a unit of account
• C)to act as a store of value
• D)to facilitate trade
• E)to provide a double coincidence of wants

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Definitions:

Security Interest

An enforceable legal claim or lien on collateral that has been pledged, usually to obtain a loan, ensuring the right to seize said collateral if the loan is not repaid.

Antecedent Debt

Obligations or debts that exist before a particular agreement or transaction.

Buyer

An individual or entity that purchases goods or services.

Security Interest

A legal claim or right on property that is created by a security agreement as collateral to secure the performance of an obligation, such as repaying a loan.