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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
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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.
संबंधित प्रश्न
Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?
Answer the following question
What are the contingent functions of money?
Money is something that is ______.
“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:
What does money provide when individuals compare prices to determine the worth of goods?
Which function of money allows a person in one city to send value to a person in another city?
Store of Value is also called which function of money?
For Maximisation of Profit / Employment of Factors, money helps producers decide what?
In modern economies, what plays a key role?
Comparing prices of two brands of chips is an everyday example of which function?
