WAEC Economics 2021 Objective — Question 35

Question 35 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.

35. Functions of money does not include

A. store of value.
B. medium of exchange.
C. standard of deferred payment.
D. general acceptability.Correct

Explanation

General acceptability is a required quality/characteristic of money, not one of its core functions (which are store of value, medium of exchange, and standard of deferred payment, among others).

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