Which of the following functions of money would be most violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange

Answer :

The function of money, such as the store of value, will be most violated if there is a higher amount of inflation in the economy. Therefore, the option B holds true.

The functions of money include store of value, measure of value, and general acceptability. However, these functions are subjected to a lot of violation due to external factors proving to be the formidable forces. Higher inflation, or hyperinflation, is the situation of an external factor wherein the money loses its functionality to act as a store of value, as it decreases drastically.

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