Question

In economics, all of the following are included among the three main uses of money EXCEPT

A.
store of value
B.
weight of gold
C.
unit of account
D.
medium of exchange

Answer 1

Answer:The answer is B

Step-by-step explanation:

Money is anything that is commonly accepted in payment for goods and services or settlement of debt. It is the means of valuation and payments. The use of money helps in exchange of goods and services. Money can be used in the following ways

Medium of exchange : Money facilitates the means of exchange of goods and services, Money is said to have exchange hands when transaction of goods or services is completed.

Measure of value : Money enables us to compare the quality of goods and services, it helps us to make a wise decision on the choices to made when we are faced with the problems of choosing between two goods and services. It help in choosing the better one.

Store of value : Money does not lose its value provided there is no inflation, that is rise in prices of goods and services. $100 kept today in three years, the money will still be $100 otherwise money will not be accepted as a good store of value if its value is unstable.

Unit of account : All types of account are computed in units of money. The costing of goods, payments for goods and services and business account should be easy to do in units of money.

Standard of deferred payment : Money makes it possible for payments to be postponed from the present to a future date. This function enables business transaction on credit, because it enables buyers of goods and services to defer payments for goods and services till another time.

Answer 2

B. weight of gold

Step-by-step explanation:

Money is a term used to describe an item that is generally accepted in transactions involving transfer of goods from a person to another. Money is that item accepted as the medium of exchange. Money used in a country is that country's currency. Each nation has its currency.

Money has three main functions which are a) medium of exchange, b) store of value, and c) Unit of account.

Store of value means that the money must maintain its worth over a reasonable duration of time. The strength attached to money should not be fluctuating. If one dollar can buy ten units of an item today, then the same dollar should be able to purchase around ten items one year later.

As unit of account, other goods and services value can be expressed in monetary form. For example, the cost of a car is ten thousand dollars.

The weight of gold is measured per ounce. It can be given a monetary value, but it's not a function of money. In ancient trading, gold was used in place of money.