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Which function of money allows a person in one city to send value to a person in another city?

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Question

Which function of money allows a person in one city to send value to a person in another city?

Options

  • Transfer of value

  • Basis of credit

  • Imparts liquidity

  • Measurement of national income

MCQ
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Solution

Transfer of value

Explanation: 

Money enables value to be transferred across persons and places.

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