Advertisements
Advertisements
प्रश्न
“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.
विकल्प
Medium of exchange
Store of value
Measure of value
Transfer of value
Advertisements
उत्तर
Measure of value
Explanation:
The statement "Money helps to express the monetary value of goods and services in the market" refers to the function of money that allows it to act as a common standard for the valuation of goods and services. This enables all parties in an economy to make decisions about what to exchange, how much to exchange, and to compare the value of different goods and services efficiently.
APPEARS IN
संबंधित प्रश्न
Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
Explain the significance of 'medium of exchange' function of money
What is a barter system? What are its drawbacks?
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
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 |
Which of the following are the functions of money?
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
Paying rent each month is an example of which primary function of money?
Why is money called the most liquid asset?
