Which of the following is NOT a function of money?
A. Unit of account
B. Store of value
C. Means of production
D. Medium of exchange
Answer: Option C
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:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.
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