Advertisements
Advertisements
Question
Medium of exchange and measure of value is ______.
Options
Primary functions of money
Secondary functions of money
Tertiary functions of money
Contingent functions of money
Advertisements
Solution
Medium of exchange and measure of value is Primary functions of money.
APPEARS IN
RELATED QUESTIONS
Explain the significance of 'medium of exchange' function 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? How does money overcome the shortcomings of 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 a medium of ______.
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.
“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.
"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?
What does money provide when individuals compare prices to determine the worth of goods?
Why is money called the most liquid asset?
