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Identify which of the following statement is true? - Economics

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Question

Identify which of the following statement is true?

Options

  • Money is accepted by all as a medium of exchange

  • Money is a means and not an end

  • Standard of deferred payment is a secondary function of money

  • All the above

MCQ

Solution

All the above

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Chapter 6: Meaning and Functions of Money - Exercise [Page 131]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 6 Meaning and Functions of Money
Exercise | Q 16. | Page 131
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