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WAEC Commerce 2005 Question 47

Question 47

Money

Which of the following is not a function of money?

  1. A.Double coincidence of wants
  2. B.Medium of exchange
  3. C.Measure of value
  4. D.Store of wealth.
Show the answer and explanation

Answer: A (Double coincidence of wants)

Explanation

Double coincidence of wants is a problem of barter, not a function of money.