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प्रश्न
Write Short Note.
Secondary function of money
उत्तर
The secondary functions of money are as follows:
i. Standard of deferred payments: Payments can be easily made through the medium of money. In other words, it is very difficult to pay back a loan in terms of goods and services. However, with the advent of money, the payment of loans or interests can be made easily.
ii. Store of value: Store of value function of money implies that money can be easily stored in the form of wealth and can be stored used as medium of exchange in future.
iii. Transfer of value: Money can be transferred easily from one place to another and from one person to another. Therefore, with the help of money, purchasing power can be transferred.
APPEARS IN
संबंधित प्रश्न
Answer the following question.
Explain the secondary functions of money.
Explain with reasons, whether you agree or disagree with the following statement
Money also performs certain contingent functions.
Give reasons or explain the following statements :
The difficulties of barter system are removed by money.
State with reason whether you agree or disagree with the following statement.
Anything can function as money.
State with reason whether you agree or disagree with the following statement.
Money performs various functions.
Distinguish between
Primary functions of money and Secondary functions of money.
Fill in the blank with appropriate alternatives given below
In the initial stage of development, __________ was used.
Answer the following question.
Explain any two secondary functions of money.
