The medium of exchange function means that money is used

Asked by admin @ in Business viewed by 228 People

Which one of the following is not a function of​ money? A. Medium of exchange. B. Store of value. C. Open market operation. D. Unit of account. If something is to be considered as​ money, it has to fulfill ▼ only the medium of exchange function any three functions all four functions .

Answered by admin @


Answer:

The correct answer is C

Explanation:

Money is the term which is described as something which serves as exchange medium, store of value and a unit of accounting. It is a exchange medium in the terms, that the person will agree to receive it by making a transaction.

In short, when depositing the money into any financial institution like banks, then this states the store of value function of the money.

Therefore, the one which is not the function of money is that it has the operations in the open market.


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