money work as a : 1 meadium of exchange 2 measures of value 3 transfer of value 4 all of above
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Explanation:
Money works as a -
4) all of the above
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Question:-
money work as a :
1. meadium of exchange
2. measures of value
3. transfer of value
4. all of above
Solution:-
Money refers to a common medium of exchange that is issued under the law of government and acts as a legal tender for the whole country.
The functions of money can be classified into two categories:
- Primary function:- The primary function of money includes money as a medium of exchange and money as a measure of value.
- Secondary function:- The secondary function of money includes money as a store of value and money as a standard of deferred payment.
Therefore:-
- Power indicator is not a function of money.
- And 4 option is the Correct Answer
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