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Which of the following is a contingent function of money?

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Questions

Which of the following is a contingent function of money?

Identify which of the following is a contingent function of money?

Options

  • Measure of value

  • Store of value

  • Medium of exchange

  • Distribution of National Income

MCQ
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Solution

Distribution of National Income

Explanation:

Money serves as a measure of value and a means of trade, with distribution of national income considered a dependent function. It also serves as a store of wealth.

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Chapter 6: Meaning and Functions of Money - Exercise [Page 154]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 6 Meaning and Functions of Money
Exercise | Q 15. | Page 154
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 7 Meaning and Functions of Money
QUESTIONS | Q 21. | Page 201
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