Money is an asset which can be stored for use in future.’ In the light of given statement, identify the function of money.

Class 12th Economic, Question paper 2023 - Money is an asset which can be stored for use in future.' In the light of given statement, identify the function of money.

There are the Options for the Question: Money is an asset which can be stored for use in future.’ In the light of given statement, identify the function of money.

(a) A measure of value

(b) A standard of deferred payment

(c) A store of value

(d) A medium of Exchange

 

The correct answer is – (c) A store of value