Question : Which of the following is not a function of money?
Option 1: Store of value
Option 2: Unit of account
Option 3: Medium of exchange
Option 4: Interest rate control
Correct Answer: Interest rate control
Solution : The correct answer is (d). Interest rate control
Interest rate control is not a direct function of money. It is a function of monetary policy, which is implemented by central banks to regulate the money supply and influence interest rates in the economy. While money and monetary policy are closely related, interest rate control is a policy tool used by central banks to manage inflation, stabilize the economy, and promote growth. The primary functions of money are as a medium of exchange, a unit of account, and a store of value.
