Question
Download Solution PDFWhich of the following is not a function of money?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Stabilisation of prices.
Key PointsMoney - an active medium of exchange that consists of coins and banknotes; both of these items taken together.
Important PointsFunctions of Money
Medium of exchange - Money can be used as a medium of exchange for all types of transactions involving products and services.
Measure of value - Money is used as a unit of measurement for value. All commodities and services have a monetary value that can be stated.
Storage of value - A store of value simplifies a store of wealth. Money can be stored for future use.
In above question, Stabilisation of prices is a function of Monetary Policy. Thus, Stabilisation of prices is not a function of money.
Last updated on Jul 14, 2025
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