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प्रश्न
Which of these is the primary function of money?
विकल्प
Store of value
Standard of deferred payment
Measure of value
Transfer of value
उत्तर
Measure of value
Explanation:
The second fundamental function of primary function of money is that it acts as a standard measure of value. Measure of value refers to the monetary expression of the market value of goods and services.
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संबंधित प्रश्न
The function of money which allows a person to pay for a commodity at a future date is called as ______.
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.
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 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 perform its role as medium of Exchange.
How does money perform its role as store of value.
Explain the secondary functions of money.
Describe how money has removed the defects of the barter system.
