Advertisements
Advertisements
प्रश्न
"Does a shirt priced at Rs. 300 exemplify the store of value function of money? Select the appropriate option:
पर्याय
True
False
Advertisements
उत्तर
This statement is False.
Explanation:
The store of value function of money refers to money’s ability to retain value over time, enabling it to be saved and used for future purchases. When we refer to a shirt priced at Rs. 300, we are discussing the medium of exchange function of money, not its store of value function. The medium of exchange function allows money to be used to facilitate the buying and selling of goods and services in this case, a shirt.
संबंधित प्रश्न
Explain the significance of 'medium of exchange' function of money
Money is something that is ______.
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
What does money provide when individuals compare prices to determine the worth of goods?
Why is money called the most liquid asset?
Which function of money is used when a person sells vegetables for cash and then buys clothes?
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?
