Question

explain four major function of money?

Answer 1

Function # 1. A Medium of Exchange:
Function # 2. A Measure of Value:
Function # 3. A Store of Value (Purchasing Power):
Function # 4. The Basis of Credit:

Answer 2

Money is the modern form of exchange as it is being issued by reserve bank of India.
It has a stored value.
It can be used to buy several goods without the use of barter system.
People can deposit money in banks for future needs.
It eliminates double coincidence of wants.