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प्रश्न
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
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उत्तर
True, cheque is not legal tender money.
Explanation:
Cheque is not legal tender money, rather it is a credit instrument which helps in transfer of funds and deposits.
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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
Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?
Write answer in 'one' or 'two' paragraph .
Explain the primary functions of money.
What is a barter system?
What are the main functions of money?
Answer the following question
What are the contingent functions of money?
Explain primary, secondary and contingent functions of money.
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
______ is the primary function of money.
Money is something that is ______.
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:
‘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?
Paying rent each month is an example of which primary function of money?
Which major problem of the barter system is solved directly by using money?
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 ______.
Which function of money makes it easy to repay loans in the future?
Saving pocket money in a piggy bank mainly shows which function of money?
Which function of money allows a person in one city to send value to a person in another city?
Why is money called the most liquid asset?
The total income of a country expressed in money terms represents which function of money?
Banks use public deposits of money to create loans. Here money is mainly acting as ______.
Medium of Exchange promotes efficiency in exchange and production, specialisation and which other feature?
Which function of money is also called Unit of Account?
A trouser costs ₹1000 and a shirt costs ₹500. What exchange ratio is made easy by Measure of Value?
Which feature supports money as a Store of Value?
Money helps consumers maximise satisfaction by relating marginal utilities to what expressed in money?
For Maximisation of Profit / Employment of Factors, money helps producers decide what?
Which group of variables is measured in money terms?
Which pair consists of the Primary functions of money?
