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

Correct answer is C

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.