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प्रश्न
How does money perform its role as store of value.
थोडक्यात उत्तर
उत्तर
- Store of value means store of wealth for use in future i.e., shifting of purchasing power from the present to future.
- Money is not perishable and its storage costs are also considerably lower. It is acceptable to anyone at any point of time.
- It, thus, enables the people to save a part of other current income and store it for future use.
- Thus, the money provides the link between the present and the future.
- Store of value function of money is also called as asset function of money.
Money is a matter of functions four.
A medium, a measure, a standard, a store.
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Functions of Money
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Meaning and Functions of Money - QUESTIONS [पृष्ठ १८४]
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संबंधित प्रश्न
What are the functions of Money? and explain it.
What is inflation?
The function of money which allows a person to pay for a commodity at a future date is called as ______.
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:
‘Which function of money is most closely linked to saving?
Explain the transfer of value function of money.
Describe how money has removed the defects of the barter system.
Distinguish between limited legal tender and unlimited legal tender.