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Money and Its Functions · Question 10 of 57

Question 10

EasyOriginal question

When you pay ₹40 for a notebook, money is serving as

Options for question 10

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Money is handed over in exchange for the good: it is the medium of exchange.

Concept
Medium of exchange
Typical time
40 s
Your time
—
The rule this testsFunctions of money
Practise this chapter →

Ten questions from Money and Its Functions, at your own pace.

Practise this chapter →

Ten questions from Money and Its Functions, at your own pace.