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Question
Observe the relationship of the first pair of words and complete the second pair.
The primary function of money : Medium of exchange. The secondary function of money : ______.
Options
Measure of value
Distribution of national income
Maximisation of utility
Store of value
MCQ
Fill in the Blanks
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Solution
The primary function of money : Medium of exchange. The secondary function of money : Store of value.
Explanation:
The secondary function of money is to act as a store of value, meaning that money can be saved and used for future transactions without losing its value over time.
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