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प्रश्न
"Does a shirt priced at Rs. 300 exemplify the store of value function of money? Select the appropriate option:
विकल्प
True
False
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उत्तर
This statement is False.
Explanation:
The store of value function of money refers to money’s ability to retain value over time, enabling it to be saved and used for future purchases. When we refer to a shirt priced at Rs. 300, we are discussing the medium of exchange function of money, not its store of value function. The medium of exchange function allows money to be used to facilitate the buying and selling of goods and services in this case, a shirt.
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संबंधित प्रश्न
Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?
What are the main functions of money? How does money overcome the shortcomings of a barter system?
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
Money is a medium of ______.
Money is something that is ______.
From the following data, calculate "Net Value Added at Factor Cost".
| S.no. | Content | (Rs. in Lakhs) |
| (i) | Sales | 400 |
| (ii) | Change in Stock | (−) 20 |
| (iii) | Intermediate consumption | 200 |
| (iv) | Net indirect taxes | 40 |
| (v) | Exports | 50 |
| (vi) | Depreciation | 70 |
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
“Money helps to express the monetary value of goods and services in the market”.
On the basis of the given statement, Identify the function performed by money.
Which function of money makes it possible to save now and spend later for future needs?
Paying rent each month is an example of which primary function of money?
