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MA
Question Practice

What is the primary function of modern money?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

What is the primary function o...

Single Answer MCQ
Q-00015819

What is the primary function of modern money?

1

Store of value

2

Unit of account

3

Medium of exchange

4

Standard of deferred payment

Previous QuestionNext Question
Keep Practising

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Q1.

What is the role of credit in economic development?

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Q2.

Explain the concept of formal and informal sources of credit.

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Q3.

Which of the following is NOT considered modern money?

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Q4.

What does it mean when currency is called 'fiat money'?

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