CUET Economics - Identify the incorrect statement. (A) Money is what money does (B) There are many assets which carry functions of money (C) In modern sense, money creates instability (D) The first and foremost role of money is that it acts as medium of exchange (E) Money acts only as convenient unit of account Choose the **correct** answer from the options given below : | PYQs + Solutions

CUET Economics

Macro

Medium

(A) and (B) only

(D) ands (E) only

✅ Correct Option: 2

Related questions:

CUET Economics 2023 Slot 1

Repo-Rate is the rate at which RBI lends money to commercial Banks for __________.

31 May Shift 1

Why does central bank is called the lender of last resort?

It lends money to the government to finance its budget deficit.
Central bank lends money to trade and industry to support their export operations.
When a country runs out of money, the central bank prints more money.
Central bank lends money to banks at all times.

CUET Economics 2022 Slot 2

Identify the correct statements from the following:

A. Currency is issued by the nation's Central Bank

B. To address the budget deficit, Central Bank sends money to the government

C. The economy's foreign exchange reserves are preserved by Central Bank

D. Central Bank does not control money supply and credit through monetary policy

E. Central Bank gives loans to the commercial Banks for short term

Choose the correct answer from the options given below :

CUET Economics PYQs