BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which function of money allows you to decide if you want to buy two $10 movie tickets or a $20 DVD?
|
|
medium of exchange
|
|
|
standard of value
|
|
|
store of value
|
|
|
uniformity of currency
|
Explanation:
Detailed explanation-1: -Dynamic Functions of Money: Money can activate idle resources and put them into productive channels. Therefore, it helps in increasing output, employment, and also income levels. Further, it helps in converting savings into investments.
There is 1 question to complete.