Question

Which of the following statements is false? Question 12 options: Money is the only good that can (or does) serve as a store of value. In a barter economy, there is no good that serves as a unit of account. There are higher transaction costs of making exchanges in a barter economy than in a money economy. Money functions as a medium of exchange, unit of account, and store of value.

Answer 1

Answer: A. Money is the only good that can (or does) serve as a store of value.

Step-by-step explanation:

Money is generally acceptable as a means of making payment. It should be noted that money functions as a unit of account, medium of exchange, standard for defered payment, and store of value.

Money is not the only good that can (or does) serve as a store of value. Gold, Diamond can also be used as a store of value.

Therefore, the correct option is A.