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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.
पर्याय
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
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
What is a barter system?
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.
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
Paying rent each month is an example of which primary function of money?
When all goods have their prices written in rupees, money is acting as ______.
Why is money called the most liquid asset?
Store of Value is also called which function of money?
Which set consists of the Secondary functions of money?
