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The functions of money do not include

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Commerce WAEC 2018

The functions of money do not include

  • store of value
  • medium of exchange
  • double coincidence of wants checkmark
  • means of deferred payment

The correct answer is: C

Explanation

The following are some of the functions of money

  • Money as the Medium of Exchange
  • Money as a Store of Value
  • Money as a Measure of Value
  • Money as the Standard of Deferred Payment

double coincidence of wants is a feature of barter system and a function of money.

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