Question

Which pair consists of the Primary functions of money?

Options

• Store of Value and Transfer of Value

• Medium of Exchange and Measure of Value/Unit of Account

• Basis of Credit and Liquidity and Macroeconomic Measurement

• Distribution of National Income and Standard of Deferred Payments

Answer 1

The Primary functions are Medium of Exchange and Measure of Value/Unit of Account. They support smooth exchange and common valuation.