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प्रश्न
State the two primary functions of money.
Give two primary functions of money.
Explain two primary functions of money.
Explain how money performs the function as a measure of value.
Explain the following function of money.
Medium of exchange.
State two important functions of money.
उत्तर
- Medium of exchange and measure of value are the two primary functions of money. "Medium of exchange" allows for the easy exchange of goods and services since money is widely accepted as a medium of trade.
- The "Measure of Value" function makes calculating the monetary value of items or services easier. Comparing the market prices of various items makes it simple to calculate the exchange rate. All records are kept and maintained in terms of the monetary unit, for example, Rupee, Dollar, Pound etc.
Notes
Students should refer to the answer according to their questions.
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संबंधित प्रश्न
The function of money which allows a person to pay for a commodity at a future date is called as ______.
Which of the following is a contingent function 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 : ______.
______ are termed as Legal Tender Money.
Which of these is the primary function of money?
How does money help in the distribution of national income?
Explain the transfer of value function of money.
How does money perform its role as medium of Exchange.
How does money perform its role as store of value.
