Which of the following is not a functions of money?

Explanation

Money has several functions, which are the different ways it is used in our economy. The functions of money include being a medium of exchange, serving as a store of value, being easily recognizable, and making deferred payment possible.

Option A states that money is a medium of exchange. This means that people use money to buy goods and services. When we go to a store and pay for something with cash or a card, we are using money as a medium of exchange.

Option B states that money serves as a store of value. This means that money can be saved and used in the future. We can keep our money in a bank account or invest it to earn interest or increase its value over time.

Option C states that money is easily recognizable. This means that money has distinctive features that make it easy to identify and distinguish from counterfeit money. This is important to ensure that people can trust the money they are using.

Option D states that money makes deferred payment possible. This means that money allows us to buy something now and pay for it later. For example, when we buy something on credit or take out a loan, we are using money to make deferred payments.

Therefore, the correct answer is option C. Being easily recognizable is NOT a function of money. Money needs to be easily recognizable to prevent fraud and ensure its authenticity.

To learn more about the functions of money, please read the relevant sections of the recommended textbooks.