12th Class Economics Money And Banking Question Bank MCQs - Money

  • question_answer
    Medium of exchange function of money suggests that:

    A) value of all goods and services can be measured in terms of money.

    B) transfer of value can easily be performed with the help of money.

    C) any commodity can be sold or purchased through the medium of money.

    D) money can be used for future payments.

    Correct Answer: C

    Solution :

    [c] any commodity can be sold or purchased through the medium of money.


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