All money must perform the following basic functions except:
A) guarantee of validity
B) medium of exchange
C) standard of value
D) store of value

Name: All money must perform the following basic functions except: A) guarantee of validity B) medium of exchange C) standard of value D) store of value
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Question

Quizplus · Accepted Answer

While guarantee of validity may be a desirable characteristic for money, it is not a necessary function. The three essential functions of money are medium of exchange, standard of value, and store of value.

All Money Must Perform the Following Basic Functions Except