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प्रश्न
Distinguish between
Primary functions of money and Secondary functions of money.
उत्तर
| Basis of difference | Primary functions of money | Secondary functions of money |
| 1. Definition | Primary functions of money are those functions for which it was developed. | Secondary functions of money are those functions that money performs besides its primary functions. |
| 2. Functions | Primary functions of money are medium of exchange and measure of value. | Secondary functions of money are standard of deferred payment, store of value and transfer of value. |
| 3. Solves problem of | These functions solve the problem of double coincidence of wants. | These functions solve the problem related to borrowing and lending. |
| 4. Leads to | It leads to increase in trade operations in the society. | It leads to increase in credit creation and evolution of financial institutions. |
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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.
Write Short Note.
Secondary function of 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.
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.
