The functions of money do not include?

By: |Published on: Mar 14|Categories: Commerce WAEC| 0 comments

A. store of value
B. medium of exchange
C. double coincidence of wants
D. means of deferred payment

Correct Answer: Option C

C. double coincidence of wants

Explanation

The following are some of the functions of money

  • Money as the Medium of Exchange
  • Money as a Store of Value
  • Money as a Measure of Value
  • Money as the Standard of Deferred Payment

double coincidence of wants is a feature of barter system and a function of money.

Users Also Read These:

SEE ALSO  A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is?

Copyright warnings! Do not copy.