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प्रश्न
Explain how money acts as a measure of value.
उत्तर
Money acts as a unit of measurement in which the values of all commodities and services are measured and stated, which is one of its most basic purposes. A phone, for example, could cost ₹10,000 or more, a laptop could cost ₹30,000 or more, and so on. It is considered a price when we represent the value of a commodity in terms of money, and it is used to justify the value of any commodity. As a result, we might say that money serves as a measure of value.
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संबंधित प्रश्न
What is inflation?
What is Deflation?
State the two primary functions of money.
Money performs both primary and secondary functions.
Identify a specific function of money which is related to future payments. State a reason.
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 : ______.
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 of these is the primary function of money?
Which money is used to settle debts or make payment in future, it is said to perform the function of:
Explain the transfer of value function of money.
How does money help the consumers and producers?
