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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.
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संबंधित प्रश्न
Explain the significance of 'medium of exchange' function of money
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
Answer the following question
What are the contingent functions of money?
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
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 |
What does money provide when individuals compare prices to determine the worth of goods?
Paying rent each month is an example of which primary function of money?
Which function of money is used when a person sells vegetables for cash and then buys clothes?
The total income of a country expressed in money terms represents which function of money?
Who is known for classifying the functions of money into primary, secondary, and contingent functions?
