Question : This function provides security to individuals to meet contingencies, unpredictable emergencies and to pay future debts.
Option 1: Medium of exchange
Option 2: Measure of value (Unit of value)
Option 3: Store of value
Option 4: Standard of deferred payment
Answer (1)
10th Jan, 2024
Correct Answer:
Store of value
Solution :
Money as store of value provides security to individuals to meet contingencies, unpredictable emergencies and to pay future debts.
Hence Option C is correct.
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