Economics · Money and Banking
Consider the following statements about the functions of money: (a) Medium of exchange is a primary function (b) Store of value is a secondary function (c) Deferred payment standard is a primary function (d) Transfer of value is a secondary function Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a), (b), (c) and (d)
- 2(b) and (c) only
- 3(a) and (c) only
- 4(a), (b) and (d)✓
Correct answer
(a), (b) and (d)
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