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प्रश्न
Explain how money acts as a measure of value.
उत्तर
Money acts as a unit of measurement in which the values of all commodities and services are measured and stated, which is one of its most basic purposes. A phone, for example, could cost ₹10,000 or more, a laptop could cost ₹30,000 or more, and so on. It is considered a price when we represent the value of a commodity in terms of money, and it is used to justify the value of any commodity. As a result, we might say that money serves as a measure of value.
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संबंधित प्रश्न
Money performs both primary and secondary functions.
Identify a specific function of money which is related to future payments. State a reason.
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?
Which money is used to settle debts or make payment in future, it is said to perform the function of:
‘Which function of money is most closely linked to saving?
How does money help in the distribution of national income?
Explain the transfer of value function of money.
How does money perform its role as medium of Exchange.
Explain the secondary functions of money.
Distinguish between limited legal tender and unlimited legal tender.
