New Enroll in RBI Grade B New Batch - Starts on May 21

    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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