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GCE Economics 1989 Question 9

Question 9

Money and Inflation

Which of the following is not a function of money?

  1. A.Store of value
  2. B.Unit of account
  3. C.Measure of value
  4. D.Standard for deferred payment
  5. E.Stability in value.
Show the answer and explanation

Answer: E (Stability in value.)

Explanation

Stability in value is a desirable quality of money, not one of its functions.