Q. 1. Complete the correlation :
(1) Primary function of money : Medium of exchange
: Transfer of value
2) C : Basis of credit : Secondary functions of
money: standard of deferred payments.
(3) Commodity money : Shells :: D : Credit
card
4) Divisibility : Smaller denomination;
Easy to carry from one place to another.
5) Barter system: Goods :: Modern economy
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Answer:
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Below is given the complete correlation.
Explanation:
1) The 'primary function of money': Medium of exchange:: Bank Deposit: Transfer of value
2) Purchase of securities: Basis of credit:: Secondary functions of money: 'Standard of deferred payments'
3) Commodity money: Shells:: Home equity line: Credit card
4) Divisibility: Smaller Denomination:: Convenience: Easy to carry from one place to another
5) Barter System: Goods:: Modern economy: Technology
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