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प्रश्न
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
पर्याय
A measure of value
A standard of deferred payment
A store of value
A medium of Exchange
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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.
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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 its drawbacks?
Answer the following question
What are the contingent functions of money?
______ is the primary function of money.
Money is a medium of ______.
Money is something that is ______.
Medium of exchange and measure of value is ______.
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?
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?
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?
