English

State how money acts as a transfer of value.

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Question

State how money acts as a transfer of value.

Short Answer
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Solution

Money helps in storing and transferring value from one person to another or from one place to another. For example, when a person sends money to their family in another city, it enables the transfer of value.

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Chapter 7: Meaning and Functions of Money - QUESTIONS [Page 203]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 7 Meaning and Functions of Money
QUESTIONS | Q 11. 2. | Page 203
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