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The functions of money do not include

Commerce
WAEC 2018

The functions of money do not include

  • A. store of value
  • B. medium of exchange
  • C. double coincidence of wants
  • D. means of deferred payment
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Correct Answer: Option C
Explanation

The following are some of the functions of money

  • Money as the Medium of Exchange
  • Money as a Store of Value
  • Money as a Measure of Value
  • Money as the Standard of Deferred Payment

double coincidence of wants is a feature of barter system and a function of money.

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