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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
Explain the significance of 'medium of exchange' function of money
Write answer in 'one' or 'two' paragraph .
Explain the primary functions of money.
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
What are the main functions 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 |
Who is known for classifying the functions of money into primary, secondary, and contingent functions?
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?
Which function helps transfer value from one person to another and from one place to another?
Which set consists of the Secondary functions of money?
