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प्रश्न
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 : ______.
विकल्प
Measure of value
Distribution of national income
Maximisation of utility
Store of value
उत्तर
The primary function of money : Medium of exchange. The secondary function of money : Store of value.
Explanation:
The secondary function of money is to act as a store of value, meaning that money can be saved and used for future transactions without losing its value over time.
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संबंधित प्रश्न
What are the functions of Money? and explain it.
What is inflation?
What is Deflation?
Explain how money acts as a measure of value.
State the two primary functions of money.
______ are termed as Legal Tender 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?
‘Which function of money is most closely linked to saving?
Describe how money has removed the defects of the barter system.
