[amp_mcq option1=”Medium of exchange” option2=”Measure of value” option3=”Distribution of income” option4=”None of these” correct=”option3″]<\/p>\n
The correct answer is C. Distribution of income.<\/p>\n
Money is a medium of exchange, a unit of account, and a store of value. It is used to facilitate transactions, measure the value of goods and services, and store wealth.<\/p>\n
A medium of exchange is a good or service that is widely accepted in exchange for other goods and services. Money is a medium of exchange because it is generally accepted by everyone in a society as a means of payment.<\/p>\n
A unit of account is a standard measure of value in which prices are expressed and debts are recorded. Money is a unit of account because it is a common denominator that can be used to compare the values of different goods and services.<\/p>\n
A store of value is a way to preserve purchasing power over time. Money is a store of value because it can be saved and used to purchase goods and services in the future.<\/p>\n
Distribution of income is the process of allocating income among individuals and households. Money is not a primary function of distribution of income because it is not used to directly allocate income. Instead, income is distributed through a variety of mechanisms, such as wages, salaries, profits, and interest.<\/p>\n
In conclusion, the correct answer is C. Distribution of income.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Medium of exchange” option2=”Measure of value” option3=”Distribution of income” option4=”None of these” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33611","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"\n