Question : Which of the following is not a feature of money?
Option 1: Convenient unit of account
Option 2: Perishable
Option 3: General acceptability
Option 4: Liquid asset
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Correct Answer: Perishable
Solution : The correct option is Perishable.
Money does not have the quality of perishability. The widespread consensus is that money is durable, meaning it doesn't rot, corrode, or expire and doesn't lose value over time. Certain products or commodities that have a short shelf life and are susceptible to deterioration over time are said to be perishable. As a long-term store of value, money, on the other hand, is intended to be a reliable and durable means of trade.
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