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प्रश्न
“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:
पर्याय
Medium of exchange
Store of Value
Unit of account
Means of standard of deferred payments
उत्तर
Unit of account
APPEARS IN
संबंधित प्रश्न
Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?
Write answer in 'one' or 'two' paragraph .
Explain the primary functions of money.
What are the main functions of money? How does money overcome the shortcomings of a barter system?
Answer the following question
What are the contingent functions of money?
Answer in detail -
Explain primary, secondary and contingent functions of money.
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
______ is the primary function of money.
Money is something that is ______.
Money on wings indicates ______.
Medium of exchange and measure of value is ______.
Which of the following are the functions of money?
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 |
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
"Does a shirt priced at Rs. 300 exemplify the store of value function of money? Select the appropriate option:
