What is not the function of money?
What is not the function of money?
Therefore, power indicator is not a function of money.
What are the 4 main functions of money?
whatever serves society in four functions: as a medium of exchange, a store of value, a unit of account, and a standard of deferred payment.
What are considered functions of money?
To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange.
Is medium not a function of money?
Answer and Explanation: The functions of money are unit of account, medium of exchange, and store of value.
Which one of the following is not a feature of money?
Answer: The correct answer is B) Lack of divisibility.
Which of the following is not near money?
A few examples of near money are treasury bills, bank deposits, bonds, and money markets, etc. Cash like paper notes and coins are not near money.
What are the functions of money quizlet?
The three functions of money are: Medium of exchange, unit of account, and store of value.
What are the 7 functions of money?
Answer 6. Functions of Money:
- Medium of Exchange: The most important function of money is to serve as a medium of exchange or as a means of payment.
- Measure of Value:
- Standard of Deferred Payments:
- Store of Value:
- Transfer of Value:
- Distribution of National Income:
- Maximisation of Satisfaction:
- Basis of Credit System:
What are the 6 functions of money?
The following points highlight the top six functions of money.
- 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:
- Function # 5. A Unit of Account:
- Function # 6. A Standard of Postponed Payment:
Which of the following is not included in the term of credit?
Advances against the banks fixed deposit granted to the company is not included in this because it is amount which the lenders grant to the borrower.
Which of the following is a feature of money?
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.