Multiple Choice
Which of the following is not a function of money?
A) to act as a medium of exchange
B) to act as a unit of account
C) to act as a store of value
D) to facilitate trade
E) to provide a double coincidence of wants
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: The U.S.dollar is backed by gold.
Q70: Goldsmiths are considered to be the forerunners
Q130: To minimize the effect of short-term political
Q158: All of the following occurred under the
Q160: The Board of Governors consists of<br>A)seven elected
Q161: Barter may be the only alternative<br>A)only if
Q162: Fiat money<br>A)has value because people accept it<br>B)has
Q166: The Federal Reserve System was established<br>A)by the
Q167: Many banks in the U.S.failed in the
Q168: All of the following are depository institutions