Which one is included in the primary function of money ........

Economics (CUET) Money and banking

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: Allows goods and services to be traded without the need for a barter system.

- Measure of Value: Provides a standard measure of the value of goods and services, making comparison easier.

- Store of Value: Maintains the value over time so you can save or defer purchasing.

Correct Answer: Option 3, Both (a) and (b)

Money serves multiple primary functions, including both acting as a medium of exchange and a measure of value.

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