Advertisements
Advertisements
प्रश्न
The function of money which allows a person to pay for a commodity at a future date is called as ______.
विकल्प
Unit of account
Measure of value
Standard of deferred payment
Medium of exchange
उत्तर
The function of money which allows a person to pay for a commodity at a future date is called as standard of deferred payment.
Explanation:
The "Standard of Deferred Payment" function of money allows expressing and settling future debts in monetary terms, acting as a standard for deferred payments in modern economies.
संबंधित प्रश्न
What are the functions of Money? and explain it.
What is inflation?
Which of the following is a contingent function of money?
State the two primary functions 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 |
How does money act as a measure of value?
Explain the transfer of value function of money.
How does money perform its role as store of value.
Distinguish between limited legal tender and unlimited legal tender.
How does money help the consumers and producers?
