WAEC Commerce 2002 Question 33

Question 33

Money

Which of the following is not a function of money? It

  1. A.is a medium of exchange
  2. B.serves as a store of value
  3. C.is easily recognizable
  4. D.makes deferred payments possible
Show the answer and explanation

Answer: C (is easily recognizable)

Explanation

Being recognisable is a quality (characteristic) of good money, not a function.