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“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: - Economics

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Question

“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:

Options

  • Medium of exchange

  • Store of Value

  • Unit of account

  • Means of standard of deferred payments

MCQ

Solution

Unit of account

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2023-2024 (March) Board Sample Paper

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