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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
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
______ is the primary function of money.
Which of the following are the functions of money?
“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:
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
Which function of money helps avoid the problem of finding someone who wants exactly what you offer in exchange?
What does money provide when individuals compare prices to determine the worth of goods?
Which function of money is used when a person sells vegetables for cash and then buys clothes?
