Which of the following does not support Crowther’s definition of money?

Measure of value

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Standard of deferred payments

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Store of value

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Goods exchanged for goods

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Solution

The correct option is D
Goods exchanged for goods

According to Crowther’s definition of money, a good exchanged for good does not support the functional definition of money. Crowther defines money as ‘anything that is generally acceptable as a means of exchange and at the same time acts as measure and store of value.’

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Similar questions

Which of the following is the exchange of goods in the present for payment in future?

Read the following dialogue between Neeta and Sita:

Neeta: I want to shift to Singapore. What do I do with my house?

Sita: I can give you '10 antique pieces' for it.

Neeta: But, I do not need antique pieces.

Sita: Then, let the house remain where it is.

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