Which of the following are the functions of money?
A. Intermediary between the buyer and the seller.
B. Expressing goods in monetary units.
C. Helps in deferred payments.
D. Helps in making a cashless society.
Choose the correct answer from the options given below:
Which of the following are the functions of money?
A. Intermediary between the buyer and the seller.
B. Expressing goods in monetary units.
C. Helps in deferred payments.
D. Helps in making a cashless society.
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
Money functions as a medium of exchange between buyer and seller (A), a unit of account expressing goods in monetary units (B), and a standard of deferred payments (C). Making society cashless (D) is not a function of money; money itself is the medium of payment. Hence A, B and C only.
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