Which of the following is considered a secondary (or derivative) function of money?

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Economics · Money and Banking

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Serving as a standard of deferred payments

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Answer 1

Acting as a primary medium of exchange

Answer 2

Serving as a standard of deferred payments

Answer 3

Calculating relative prices of goods and services as a unit of account

Answer 4

Helping in conducting transactions in an economy

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