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Which one is included in the primary function of money?
Medium of Exchange
Measure of Value
Both (a) and (b)
Store of Value
- Medium of Exchange:
- Money facilitates transactions of goods and services.
- Eliminates barter system inefficiencies.
- Measure of Value:
- Money provides a common metric to determine the value of goods and services.
- Enables price comparisons and assessments.
- Store of Value:
- Money can preserve its value over time.
- People can save or invest money for future use.
- The correct answer is Option:3, Both (a) and (b).
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