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WAEC Economics 2021 Question 35

Question 35

Money and Inflation

Functions of money does not include

  1. A.store of value.
  2. B.medium of exchange.
  3. C.standard of deferred payment.
  4. D.general acceptability.
Show the answer and explanation

Answer: D (general acceptability.)

Explanation

General acceptability is a quality (characteristic) of money, not a function.