Money - 1

The primary functions of money include the following:

• Medium of exchange

• Measure of value

• Basis of credit

• Impart liquidity to wealth

Commodity money: shells::___________: credit card

• Electronic money

• Paper money

• Bank money

• Plastic money

Find the odd word out

• Salary

• Wages

• Income from business

• Income from black marketing

Provision for making payment in future is known as:

• Loan repaymnet

• Deferred payment

• E.M.I

• Discounted payment

Standard coins: face value equal to intrinsic value::____________: face value higher than intrinsic value

• Metallic coins

• Token coins

• Dollar coins

• Penny

Find the odd word out

• Grains

• Shells

• Goat

• feathers

Monetary value stored and transferred electronically through the means of of computer hard drive or server.

• Electronic money

• Plastic money

• Bank money

• paper money

Primary functions of money: medium of exchange::_____________: transfer of value

• Primary function

• Secondary function

• Contingent function

• Tertiary function

 Find odd word out

• Standard of deferred payment

• Store of value

• Transfer of value

• medium of exchange

Money not accounted for in the bank And not disclosed to government.

• Legal money

• Black money

• Tender money

• Fines and penalties