Question

Q. 25. What is the role of currency in an economy. Elucidate any four points.​

Answer 1

Answer:

Money serves as a standard of value in which other values are measured. Money is a store of value, that is, the means in which wealth can be held. It acts as a standard for deferred payments. However, the most important function of moneywhich distinguishes it from other goods is that it serves as a medium of exchange.

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Answer 2

Answer:

role of Money :-

Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions

Explanation:

following are the elucidate:-

1. To make life easy for my math students, I go out of my way to elucidate the complex problems before each test.

2. An interpreter will elucidate the instructions for all non-English speaking guests.

3. Since Larry had a stroke, he has been unable to elucidate his thoughts verbally.

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4. I hope my review will elucidate the strengths and weaknesses I found in your novel.

5. After I am dead, my diaries will elucidate my life for those left behind by my passing.