Which one of the following is not a function of money ?

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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
This question was previously asked in
UPSC CDS-1 – 2021
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The correct answer is D) Used for regulating consumption.
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.
The primary functions of money are widely accepted as Medium of Exchange, Unit of Account, and Store of Value. Some texts also mention a fourth function, Standard of Deferred Payment. Regulating consumption is a macro-economic or individual economic activity influenced by income, prices, and other factors, but it is not a function inherent to money’s definition or role as an economic tool.

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