Advertisements
Advertisements
प्रश्न
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
विकल्प
A measure of value
A standard of deferred payment
A store of value
A medium of Exchange
Advertisements
उत्तर
A store of value
Explanation:
Money can be saved in the form of a savings account, a fixed deposit, gold, shares, bonds, property, and so on for future use, with the value increasing with time. It enables people to postpone eating up to a later date.
APPEARS IN
संबंधित प्रश्न
Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
What is a barter system? What are its drawbacks?
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.
______ is the primary function of money.
Money is a medium of ______.
Money on wings indicates ______.
Medium of exchange and measure of value 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:
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 makes it possible to save now and spend later for future needs?
Which function of money is used when a person sells vegetables for cash and then buys clothes?
When all goods have their prices written in rupees, money is acting as ______.
Why is money called the most liquid asset?
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?
