Which one of the following is not a function of money ?
Acts as an intermediate in the exchange process
Acts as a store of value
Used as the unit of account
Used for regulating consumption
Answer is Right!
Answer is Wrong!
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.