【每日一练】CFA 一级（2015年）

Question：

Which of the following is least likely to be a valid function/characteristic of money? Money: 
A. requires a double coincidence of wants. 
B. acts as a unit of account. 
C. provides a store of wealth. 
 

Answer = A 
The functions of money include being a means of payment, acting as a medium of exchange and  acting as a unit of account. It does not require a double coincidence of wants, as barter does since it  easily divisible and can act as a medium of exchange.
CFA Level I
“Monetary and Fiscal Policy,” Andrew Clare and Stephen Thomas
Section 2.1

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