Salaries written into job contracts in rupees for the coming year rely on money as

a medium of exchangeCorrect answerYour answera standard of deferred paymentCorrect answerYour answerlegal tenderCorrect answerYour answera store of value onlyCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

The payments will be made in future, and money fixes their amount today.

Concept: Deferred payments
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsFunctions of money

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

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

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Salaries written into job contracts in rupees for the coming year rely on money as

Explanation