Statement (E) is incorrect because money performs several functions (medium of exchange, store of value, standard of deferred payment, unit of account), not only as a unit of account. Statement (C) is also considered incorrect in NCERT, which does not describe money as inherently creating instability. Hence (C) and (E) are incorrect.
Identify the incorrect statement. (A) Money is what money does (B) There are many assets which carry functions of money (C) In modern sense, money…
CUET UG 2022 — Economics Macro
2022mcqmedium
Identify the incorrect statement.
(A) Money is what money does
(B) There are many assets which carry functions of money
(C) In modern sense, money creates instability
(D) The first and foremost role of money is that it acts as medium of exchange
(E) Money acts only as convenient unit of account
Choose the correct answer from the options given below :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
(A) and (B) only
- B
(C) and (E) only
- C
(C) and (D) only
- D
(D) ands (E) only
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