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प्रश्न
Which money is used to settle debts or make payment in future, it is said to perform the function of:
विकल्प
Standard of deferred payment
Medium of exchange
Transfer of value
Store of value
उत्तर
Standard of deferred payment
Explanation:
Deferred payments refer to those payments which are to be made in future. In a modern economy, a large number of transactions involve future payments which can easily be stated in terms of money.
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संबंधित प्रश्न
What are the functions of Money? and explain it.
Explain how money acts as a measure of value.
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 : ______.
______ 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 |
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.
Describe how money has removed the defects of the barter system.
Distinguish between limited legal tender and unlimited legal tender.
