Mr. Sahotra borrowed funds from bank for purchasing a new house…

CBSE Economics class 12 question and answer | “Mr. Sahotra borrowed funds from bank for purchasing a new house”. From the above statement, identify the indicated function of money :

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“Mr. Sahotra borrowed funds from bank for purchasing a new house”.
From the above statement, identify the indicated function of money :

(A) Medium of exchange
(B) Store of value
(C) Unit of account
(D) Standard of deferred payments

Ans. The correct answer is : (D) Standard of deferred payments