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प्रश्न
What is the legal definition of money?
टीपा लिहा
उत्तर
In legal terms, money is defined as coins and currency notes that the government has approved for use as a means of payment and as a medium of trade.
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Meaning and Functions of Money
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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संबंधित प्रश्न
What do you understand by the term 'near money'?
Mention one contingent function of money.
Explain the primary functions of money.
Distinguish between limited legal tender and unlimited legal tender.
Discuss any two contingent functions of money.
What are normal goods? Give two examples.
Explain the following function of money:
Medium of exchange
Explain the following function of money:
Store of value
Explain the following function of money:
Maximisation of utility
