Asked by Corinna Vogel on May 25, 2024
Verified
Which of the following is not a function of money?
A) Unit of account
B) Store of value
C) Medium of exchange
D) Protection against inflation
Protection Against Inflation
Strategies or financial instruments designed to safeguard an individual's or entity's purchasing power from the erosion effects of inflation.
- Become knowledgeable about the basic uses of money and its vital significance in the economy.
Verified Answer
RA
Ruben Alejandro AlbertoMay 27, 2024
Final Answer :
D
Explanation :
Money serves as a unit of account, a store of value, and a medium of exchange, but it does not inherently protect against inflation. Inflation can erode the purchasing power of money over time.
Learning Objectives
- Become knowledgeable about the basic uses of money and its vital significance in the economy.