Which of the following is NOT a function of money?
Medium of exchange
Problem in storage
Measure of value
Standard of deferred payments
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The function that is NOT a function of money is Problem in storage.
Here’s a brief explanation of each function:
Medium of exchange: Money is widely accepted as a method of payment for goods and services, facilitating transactions.
Measure of value: Money provides a standard measure of value, allowing individuals to compare and assess the worth of different goods and services.
Standard of deferred payments: Money is used to settle transactions that occur over time, such as loans and credit agreements.
Problem in storage: This is not a function of money. In fact, money's role is to be a store of value, meaning it should be able to hold value over time and be easily stored. The "problem in storage" is not a function but rather a potential issue related to money, such as inflation affecting its value.