WAEC - Commerce (2018 - No. 20)
The functions of money do not include
store of value
medium of exchange
double coincidence of wants
means of deferred payment
Vysvetlenie
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.