Which of the following is NOT a function of money?
Answer
Means of production
The correct answer is Means of production — Therefore, the option that is NOT a function of money is ‘Means of production’.
Step-by-step solution
- Read each option and recall the four recognised functions of money.
- Medium of exchange, unit of account and store of value are the three core functions.
- ‘Means of production’ refers to resources used to produce goods, not a function of money.
- Therefore, the option that is NOT a function of money is ‘Means of production’.
Common mistake: Confusing store of value with means of production
Concept tested: Functions of money
Published · How this solution was prepared and checked
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