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प्रश्न
______ are termed as Legal Tender Money.
विकल्प
True
False
उत्तर
The statement is False.
Explanation:
Money's primary role is as a means of exchange, facilitating the purchase and sale of commodities and services. While the transfer of value is a crucial function of money, it is often regarded a secondary one.
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संबंधित प्रश्न
What are the functions of Money? and explain it.
Which of the following is a contingent function of money?
Money performs both primary and secondary functions.
Identify a specific function of money which is related to future payments. State a reason.
Observe the relationship of the first pair of words and complete the second pair.
The primary function of money : Medium of exchange. The secondary function of money : ______.
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Currency Notes | A. | General acceptability |
| (ii) | Demand deposits | B. | Lack of double coincidence of wants |
| (iii) | Feature of money | C. | Legal tender |
| (iv) | Problem of barter exchange | D. | Bank money |
Which of these is the primary function of money?
Explain the transfer of value function of money.
Explain the contingent functions of money.
Distinguish between limited legal tender and unlimited legal tender.
How does money help the consumers and producers?
