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      Question

      Which among the following are the functions of

      Money? a) Unit of value b) Standard for deferred payment c) Store of value d) Medium of exchange
      A a, b & c Correct Answer Incorrect Answer
      B a, c & d Correct Answer Incorrect Answer
      C a, b, c & d Correct Answer Incorrect Answer
      D None of the above Correct Answer Incorrect Answer

      Solution

      Money serves four primary functions: 1. Unit of value – Measures the worth of goods and services. 2. Standard for deferred payment – Used for loans or future payments. 3. Store of value – Maintains purchasing power over time. 4. Medium of exchange – Facilitates transactions. Since all options are correct, the answer is 3 (a, b, c & d).

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