Advertisements
Advertisements
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
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
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.
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender 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.
Money is a medium of ______.
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 |
Which of the following are the functions of money?
"Does a shirt priced at Rs. 300 exemplify the store of value function of money? Select the appropriate option:
Which function of money helps avoid the problem of finding someone who wants exactly what you offer in exchange?
Which function of money makes it possible to save now and spend later for future needs?
Paying rent each month is an example of which primary function of money?
Why is money called the most liquid asset?
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?
Which function of money makes it easy to repay loans in the future?
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?
