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MA
Question Practice

Which of the following best describes money as a 'store of value'?

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

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Money And Banking
Question Bank

Which of the following best de...

Single Answer MCQ
Q-00089010

Which of the following best describes money as a 'store of value'?

1

It must be widely accepted

2

It retains value for future use

3

It is scented for easy identification

4

It can be split into smaller units

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Q1.

What is the primary function of money?

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Q2.

Which function of money allows you to compare the values of different goods?

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Q3.

What determines the demand for money in an economy?

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Q4.

Why is money considered a better method of exchange than barter?

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