Which of the following is NOT a function of money?
A. Unit of account
B. Medium of exchange
C. Store of value
D. Means of production
Answer: Option D
Solution (By JKSSB Mock Tests)
The primary functions of money are medium of exchange, measure of value (unit of account), store of value and standard of deferred payments. Means of production is not a function of money.
Explanation:
GNP = GDP + Net factor income from abroad. Net factor income from abroad is the difference between factor income received from abroad and factor income paid to abroad.
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