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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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