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GCE Commerce 1990 Question 51

Question 51

Money

Which of the following is a function of money?

  1. A.Provision of double coincidence of wants
  2. B.Durability
  3. C.Standard for deferred payment
  4. D.Portability
  5. E.Divisibility
Show the answer and explanation

Answer: C (Standard for deferred payment)

Explanation

Money is a standard for deferred payment; durability, portability and divisibility are qualities, not functions.