EASY
Earn 100

Explain the store of value function of money. How has it solved the related problem created by barter?

OR

Explain the significance of the store of value function of money.

Important Questions on Money and Banking

MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money

Which of the following statements are not true?

I. Employment in the service sector has not increased to the same extent as production.

II. Workers in the tertiary sector produce goods.

III. The activities in the Primary, Secondary and Tertiary sectors are not interdependent.

IV. Most of the workers in the unorganised sector enjoy job security.

V. A large proportion of labourers in India are working in the unorganised sector.

MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
Write the features of credit card.
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
Credit cards impose the condition that cardholders pay back the money, without any applicable interest.
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
The currency of Japan is_____(Yen/Euro).
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
Debit cards require users to pay now.
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
Which of the following is true in the context of Money and its functions?
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
In a credit transaction, money is deducted from our bank account right away.
MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
ATM stands for:
MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
Write the features of debit card.
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
What is the basic characteristic of money?
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money

Explain the 'unit of account' function of money. How has it solved the related problem created by barter?

EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
By using debit cards we can only withdraw money from ATM.
HARD
Economics>Macroeconomics>Money and Banking>Functions of Money
What is transaction demand for money? How is it related to the value of transactions over a specified period of time?
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
Credit cards allow us to pay for our purchases later.
MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
What are the advantages of having an unique identification number in a debit card.
MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
Explain the store of value function of money.
MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
What are the various forms of Plastic money?
EASY
Economics>Macroeconomics>Money and Banking>Functions of Money
Cotyledons are also called-
MEDIUM
Economics>Macroeconomics>Money and Banking>Functions of Money
What are the advantages of having an unique identification number in a debit card.
HARD
Economics>Macroeconomics>Money and Banking>Functions of Money
What are the main functions of money? How does money overcome the shortcoming of a barter system?