Advertisements
Advertisements
Question
How does money act as a measure of value?
Solution
Money serves as a measure of value, i.e., a unit of measurement in terms of which the values of all goods and services are measured and expressed.
APPEARS IN
RELATED QUESTIONS
What is inflation?
Explain how money acts as a measure of value.
The function of money which allows a person to pay for a commodity at a future date is called as ______.
Money performs both primary and secondary functions.
Identify a specific function of money which is related to future payments. State a reason.
______ are termed as Legal Tender 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 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?
How does money help in the distribution of national income?
How does money perform its role as store of value.
