Question

Which set consists of the Secondary functions of money?

Options

• Maximisation of Utility/Satisfaction, Transfer of Value and Medium of Exchange

• Medium of Exchange, Basis of Credit and Liquidity and Macroeconomic Measurement

• Standard of Deferred Payments, Store of Value and Transfer of Value

• Measure of Value, Distribution of National Income and Store of Value

Answer 1

The Secondary functions are Standard of Deferred Payments, Store of Value and Transfer of Value. They deal with future payments, wealth and movement of value.