Match each use of money with its function.

Question 13

EasyOriginal question

List I	List II
A. A company's accounts are kept in rupees	I. Medium of exchange
B. A worker spends her wages on vegetables	II. Standard of deferred payment
C. A family keeps cash for an emergency	III. Unit of account
D. A home loan is repaid in monthly EMIs	IV. Store of value

A-III, B-I, C-IV, D-IICorrect answerYour answerA-III, B-IV, C-II, D-ICorrect answerYour answerA-IV, B-III, C-I, D-IICorrect answerYour answerA-II, B-I, C-IV, D-IIICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Accounts measure value; spending exchanges money for goods.
Cash kept for later stores value; EMIs settle a payment deferred over time.

Concept: Functions of money
Typical timeTypical: 60 s
Your timeYours: —

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.

Match each use of money with its function.

Question 13

Explanation