Money performs all of the following functions EXCEPT serving as a
I.medium of exchange.
Ii.unit of account.
Iii.barter mechanism.
A)i only
B)ii only
C)iii only
D)i and ii
E)ii and iii

Question

Quizplus · Accepted Answer

Money serves as a medium of exchange and a unit of account, but it does not serve as a barter mechanism. Barter refers to the direct exchange of goods and services, without the use of money as an intermediary. Therefore, choice C is the correct answer as it states that money does not serve as a barter mechanism.

Money Performs All of the Following Functions EXCEPT Serving as a