Tamil Nadu Board of Secondary EducationSSLC (English Medium) Class 8th
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Functions of Money

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Topics

description

  • Primary or main functions 
  1. Medium of exchange or means of payment
  2. Measure of value
  • Secondary functions
  1. Standard of deferred payment
  2. Store of value or store of purchasing power
  3. Transfer of value or transfer of purchasing power
  • Contingent functions
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