difference between static and dynamic money
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Answer:
The traditional functions of money, i.e., medium of exchange, measure of value, standard of deferred payments and store of value, all are the static or technical functions of money. On the other hand
The dynamic functions are those by which money actively influences the economic system through its impact on price level, interest rates, volume of production, distribution of wealth and income etc. In its dynamic role, money tends to influence the economic trends.
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Explanation:
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Answer:
Functions like Medium of Exchange, a measure of value etc. All are static functionsbecause without these functions, the economy of country cannot work. Dynamic Functions They are those functions which cause movement in the level of economic activity in a country.