Question

Suppose you see a jacket on sale for Rs. 3000. You know this is a good price because you have checked the price of a similar jacket in other store. You can compare the cost of the jacket in the store with the cost of the jacket in other store because the price is expressed in the same way in every store. From the above paragraph identify the function of money. 

(a) Standard of value

(b) Store of value

(c) Medium of exchange

(d) None of the above.

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Answer 1

Answer:

standerd of value

Explanation:

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