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Q. |
Which one is not a function of money? |
A. | Transfer of value |
B. | Store of value |
C. | Price stabilization |
D. | Value measurement |
Answer» C. Price stabilization | |
Explanation: Generally, economists have defined four types of functions of money which are as follows: (i) Medium of exchange (transfer of value) (ii) Measurement of value, (iii) Standard of deferred payments, and (iv) Store of value. Price stabilization is a function of monetary policy. |
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