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Which function of money makes it possible to save now and spend later for future needs?

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Question

Which function of money makes it possible to save now and spend later for future needs?

Options

  • Store of Value

  • Imparts Liquidity to Wealth

  • Measurement of National Income

  • Standard of Deferred Payment

MCQ
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Solution

Store of Value

Explanation:

Store of value means money can be saved and used in the future without losing its worth quickly.

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