Which of the following is not a function of money?
Answer and Explanation:
What are the 4 functions of money?
Money serves four basic functions: it is a unit of account, it's a store of value, it is a medium of exchange and finally, it is a standard of deferred payment.
Which of the following is not a function of money quizlet?
store of value. The correct answer is c). The standard of the deposit is not a function of money.
What is the following function of money?
To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange.
Which of the following is not one of the functions of money Chegg?
Which of the following is not one of the functions of money? Here's the best way to solve it. The correct answer is "comparison tool" because it is not one of the functions of money.
What are the 4 types of money?
- Fiat money – the notes and coins backed by a government.
- Commodity money – a good that has an agreed value.
- Fiduciary money – money that takes its value from a trust or promise of payment.
- Commercial bank money – credit and loans used in the banking system.
What are the functions of money quizlet?
What are the three basic functions of money? Money as a medium of exchange, money as a unit of account, money as a store of value.
Which is not considered money quizlet?
Credit cards and debit cards are not considered to be money, even though they are used to purchase goods and services.
What is not a main function of a bank?
The correct answer is: c) they are responsible for the conduct of monetary policy. Other than the central authority of the country, which is called a central bank, banks do not apply monetary policy.
Which is not a function of the Fed?
The Fed doesn't advise Congress on fiscal policies. The fiscal policies refer to the tax and other expenditures of the government. In the US, the federal government and administrative authorities take the decision relating to fiscal policies. The Fed is not involved in the fiscal policy determination.
What is not a characteristic of money?
Expert-Verified Answer
The correct answer is B) Lack of divisibility.
What is the function of money with example?
One of the primary functions of money is as a medium of exchange as it can be used for any or all transactions wherein goods or services are purchased or sold. Therefore, one can buy or sell products in exchange for money.
What are the functions of money answer key?
The three functions of money are: Medium of exchange: use item to buy goods and services. Store of value: use item to transfer purchasing power to the future. Unit of account: use item to denote prices and debts.
Which of the following is not one of the three primary functions of money?
Answer and Explanation:
The correct option is (c) Providing a means for regulators to track economic activity. Serving as a medium of exchange. Serving as a store of value. Providing a standard of value.
Is medium of exchange a function of money?
A "medium of exchange" is considered one of the functions of money. The exchange acts as an intermediary instrument as the use can be to acquire any good or service and avoids the limitations of barter; where what one wants has to be matched with what the other has to offer.
Which of the following is not a function of money protection against inflation?
Answer and Explanation:
The answer to this question is (c) Protection against inflation.
Which is not a type of money?
Expert-Verified Answer. Precious Metals is not a modern form of money.
What are the three main types of money?
Economists differentiate among three different types of money: commodity money, fiat money, and bank money. Commodity money is a good whose value serves as the value of money. Gold coins are an example of commodity money. In most countries, commodity money has been replaced with fiat money.
Which of the following are types of money?
- There are 4 major types of Money : Commodity Money. ...
- Commodity Money. It is the simplest kind of money which is used in barter system where the valuable resources fulfil the functions of money. ...
- Fiat Money. The word fiat means the”command of the sovereign”. ...
- Fiduciary Money. ...
- Commercial Bank Money.
What are two types of money?
Money may or may not have intrinsic value. Commodity money has intrinsic value because it has other uses besides being a medium of exchange. Fiat money serves only as a medium of exchange, because its use as such is authorized by the government; it has no intrinsic value.
What are the three main functions of banks?
Although banks do many things, their primary role is to take in funds—called deposits—from those with money, pool them, and lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money).
What are the functions of money as a store of value?
Money as a Store of Value
In the monetary economy, money is considered a store of value, where it can be used as a means of saving and allocating capital. Money's property as a store of value facilitates a transfer of purchasing power over time.
What is money and what is it not?
Money is any item or medium of exchange that symbolizes perceived value. As a result, it is accepted by people for the payment of goods and services, as well as the repayment of loans. Money makes the world go 'round. Economies rely on money to facilitate transactions and to power financial growth.
What is not a part of money market?
Treasury bills, repurchase agreement and commercial paper all are short term investments and have a maturity level of less than one year. Hence, shares and bonds having maturity of more than one year are not considered as money market instrument.
Which of the following is not a measure of money?
The correct answer is Bank rate. The bank rate is not a quantitative tool of money supply used by the RBI. The bank rate is the rate charged by the central bank for lending funds to commercial banks.
