Several functions are competing with money. Without the money, almost every function remains incomplete for the business transactions to the unit of account. On the other hand, every economic transaction is complete with the functions of money.  When do you want to know Which of the following is not a function of money? You will get four possible options for the question.

Here are the four available options for the questions among these four options: which of the following is not a function of money? Let’s see the four available options. 

  • Unit Of Account
  • Standard Of Deferred Payment System 
  • Medium Of Exchange 
  • Store Of Metal/Store of value

Among these four available options, the store of metal or the store of value is the correct answer. And the store of metal or the store of value is not the function of the money. But why? For detailed descriptive explanations of which of the following is not a function of money? You have to know what types of functions are completed with money.

Which Of The Following Is Not A Function Of Money? – Explanations

The store of metal or the store of value is the correct option for which of the following is not a function of money? But let’s see why the other three options are not the correct alternative solution for the question.

Let’s start with the definition of the Unit of account and what types of functions are performed by money in the unit account.

What Is The Unit Of Account?

Unit Account

A unit account is an account used to value goods and services. The debts and the cost of the service are all calculated in the unit account. Here the money is serving the purpose as the unit account. Money is used to purchase anything in the business, but in the unit accounts, the money is working to measure the value of the services.

The unit account money is pretty important as you are using the money to purchase anything. And when the sellers are pricing the goods, you will know the real factors, and you will know if the goods are quite effective to fill up your needs. Now take a look at the next option definitions.

What Are The Functions Of Money In The Standard Payment System?

Money In The Standard Payment System

The standard deferred payment system is the second option for which of the following is not a function of money? The deferred payment system is entirely one of the most valuable functions of money. The deferred payment system is measuring the future payments terms of the money. 

For example, when you are taking any loan, you will pay the interest to the lender. And these interest payment systems are measured up by the standard payment system.

Entire functions are measured by the standard deferred system. Even the interest payment amounts are fixed for a limited period. These payments are all designs for the future. With respect to the deferred payment system, you can see how the payments will go through the money value and measurements.

How Is Money Functioning Through Medium Of Exchange?

Money Functioning Through Medium Of Exchange

As the medium of exchange, money is used from the past. As when you are going to exchange something, or you are setting eyes on the specific item. Not necessary that every time you will get your necessary items with the exchange procedure. This is the reason as the medium of exchange the money is always using.

When you are using money as the medium of exchange, this exchange medium has a greater influence over the economy. And it represents a standard of value. So money is always functioning as the medium of exchange.

Does Money Have Any Functions Over Store Of Metal/Store Of Value?

Money function over Store Of Metal

Which of the following is not a function of money? The appropriate answer for this question is the store of metal or the store of value. What do you understand by the term store of value or the metal? Both of these two terms are pointing towards one direction of the asset. The store of metal or the value is representing the assets.

This store of metal or the store of value is not the function of money. But it has connections with the currency. This is because the store of metal and asset value does not depend upon the country’s economic structure. According to the global market price, these price metal prices are defined.  

Hence the asset value is remaining in stable positions rather than the monetary value. This is why most people who want to preserve some money for the future always want to make some assets for the future.

Wrapping It Up:

Now you know the score of value and the metal is the right answer for which of the following is not a function of money? Among these four available options, only the store of value is representing the term assets. And the other three options are the main three functions of money. So what is your opinion? If you want to share your point of view, use the comment sections.

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Rashmi Chaudhuri a passionate traveler and the natural beauty trends concerning the professional content writer. She loves writing about beauty, travel, animals, sports, and health. She is a freelance writer who loves to write SEO-friendly contents about these topics with expert writing skills.

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