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प्रश्न
"Does a shirt priced at Rs. 300 exemplify the store of value function of money? Select the appropriate option:
पर्याय
True
False
उत्तर
This statement is False.
Explanation:
The store of value function of money refers to money’s ability to retain value over time, enabling it to be saved and used for future purchases. When we refer to a shirt priced at Rs. 300, we are discussing the medium of exchange function of money, not its store of value function. The medium of exchange function allows money to be used to facilitate the buying and selling of goods and services in this case, a shirt.
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संबंधित प्रश्न
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
What is a barter system? What are its drawbacks?
What are the main functions of money? How does money overcome the shortcomings of a barter system?
______ is the primary function of money.
Money is a medium of ______.
Money is something that is ______.
Money on wings indicates ______.
Identify the correctly matched pair of items in Column A to that of Column B.
| Column A | Column B | ||
| 1. | supply of money | a | Money in circulation at a point |
| 2. | Stock of Money | b | Supply of money considered over a period |
| 3. | Flow of Money | c | Money held by Public and the Bank today |
| 4. | Reserve Money | d | Supply of money studied at a point of time |
“The value of all goods and services can be expressed in monetary units.”
On the basis of the given statement, identify the function performed by money:
“Money helps to express the monetary value of goods and services in the market”.
On the basis of the given statement, Identify the function performed by money.
