Which of the following is a primary function of money?
A) to reduce the burden of excessive imports
B) to serve as an encouragement to work
C) to serve as a unit of account
D) to raise funds for the government

Question

Quizplus · Accepted Answer

Money primarily serves as a unit of account, which means it is used to measure the value of goods and services in a standardized way. Money also serves as a medium of exchange, store of value, and standard of deferred payment, but these functions are secondary to its role as a unit of account. Options A, B, and D are not primary functions of money.

Which of the Following Is a Primary Function of Money