Which statement concerning the function of money is incorrect?
A) Money gives us a yardstick for measuring the values of goods and services.
B) Money helps us avoid the problem of lack of a double coincidence of wants.
C) Money helps us save time in purchasing goods and services.
D) Money does not lose value when inflation occurs.

Question

Quizplus · Accepted Answer

Money can lose value when inflation occurs, as inflation decreases the purchasing power of money.

Which Statement Concerning the Function of Money Is Incorrect