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

Question

Quizplus · Accepted Answer

While money must perform the functions of being a medium of exchange, standard of value, and store of value, it does not require a guarantee of validity as it is already established as a legitimate form of currency by the government or financial institution issuing it.

All Money Must Perform the Following Basic Functions EXCEPT