Which one of the following is not a function of money ?
[amp_mcq option1=”Acts as an intermediate in the exchange process” option2=”Acts as a store of value” option3=”Used as the unit of account” option4=”Used for regulating consumption” correct=”option4″]
This question was previously asked in
UPSC CDS-1 – 2021
Money performs three main functions: acting as a medium of exchange (intermediate in the exchange process), a unit of account (measuring value), and a store of value (holding wealth). Regulating consumption is not a fundamental function of money itself, although the availability of money, prices, and economic policies can influence consumption patterns.