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The total income of a country expressed in money terms represents which function of money?

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Question

The total income of a country expressed in money terms represents which function of money?

Options

  • Standard of deferred payments

  • Measurement of national income

  • Basis of credit

  • Transfer of value

MCQ
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Solution

Measurement of national income

Explanation: 

National income is calculated and compared in money terms using this contingent function of money.

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