WorksheetsEconomics Quiz
Total questions: 10
Worksheet time: 5mins
Which function of money has removed the problem of double coincidence of wants?
measure of value
Transfer of value
Store of value
Medium of exchange
Which function of money is called assets function of money?
Medium of exchange
Store of value
Transfer of value
Measure of value
Global financial system has emerged because of which function of money?
Store of value
Measure of value
Transfer of value
Medium of exchange
The payments to be done in future is called
Deferred payments
Advance payments
Transfer payments
None of these
This function of money is also called accounting function of money.
Store of value
Measure of value
Transfer of value
Standard of deferred payments
In the evolution of money which came at first stage?
Paper currency
Metallic coins
Plastic money
Barter system
Money act as a store of value , measure of value , standard of deferred payment, transfer value because
It is generally acceptable
It requires less space
Its value is more or less stable
It has different designs
The primary functions of money are:-
Standard of deferred payment
Measure of value
Transfer of value
Medium of exchange
Under this system goods are exchanged for goods
Barter system
Monetary system
Financial system
None of these
Which of the following is secondary function of money?
Measure of value
Medium of exchange
Store of value
None of these
