which of the following is not one of the functions of money? course hero

What are the three main functions of money?

Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. The medium of exchange: Money's most important functio n is as a medium of exchange to facilitate transactions.

What is the role of money in accounting?

Unit of account: Money also functions as a unit of accoun t, providing a common measure of the value of goods and services being exchanged. Knowing the value or price of a good, in terms of money, enables both the supplier and the purchaser of the good to make decisions about how much of the good to supply and how much of the good to purchase.

Is the store of metal a function of money?

And the store of metal or the store of value is not the function of the money. But why? For detailed descriptive explanations of which of the following is not a function of money? You have to know what types of functions are completed with money. 1 Which Of The Following Is Not A Function Of Money?

What Is The Unit Of Account?

A unit account is an account used to value goods and services. The debts and the cost of the service are all calculated in the unit account. Here the money is serving the purpose as the unit account. Money is used to purchase anything in the business, but in the unit accounts, the money is working to measure the value of the services.

What Are The Functions Of Money In The Standard Payment System?

The standard deferred payment system is the second option for which of the following is not a function of money? The deferred payment system is entirely one of the most valuable functions of money. The deferred payment system is measuring the future payments terms of the money.

How Is Money Functioning Through Medium Of Exchange?

As the medium of exchange, money is used from the past. As when you are going to exchange something, or you are setting eyes on the specific item. Not necessary that every time you will get your necessary items with the exchange procedure. This is the reason as the medium of exchange the money is always using.