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Q.

Which of the following is not a  feature of money?


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a

    Widely accepted

b

    Medium of exchange

c

    Easiest system for transaction

d

    Does not facilitate trade 

answer is D.

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Detailed Solution

Money does facilitate trade, and thus ‘does not facilitate trade’ is an incorrect option.
Following are some features of money:
1)      Money acts as an intermediate
2)      Money is a medium of exchange
3)      Money is a legal tender
4)      Money makes the transaction very easy
5)      Money represents the unit of account
6)      Money acts as a store of value
Every country uses a different currency (money) to exchange it for goods and services. It makes transactions very easy and facilitates trade within nations.
 
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