Question:
The value of all goods and services can be expressed in monetary units.
This statement refers to which function of money ?
The value of all goods and services can be expressed in monetary units.
This statement refers to which function of money ?
This statement refers to which function of money ?
Updated On: Sep 23, 2024
- Units of Account
- Medium of Exchange
- Store of Value
- Standard of deffered payments
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A) :Units of Account.
Was this answer helpful?
0
0
Top Questions on Goods and Services
- Identify the type of merger in which the two companies are producing different goods and services for one specific finished product.
- CUET (UG) - 2023
- Economics
- Goods and Services
- Match LIST I with LIST IIChoose the correct answer from the options given below
LIST I
LIST II
A Tea and Coffee I Complementary goods B Car and Fuel II Inferior goods C Low grade cereal food III Substitute goods D Good quality wheat IV Normal good - CUET (UG) - 2023
- Economics
- Goods and Services
- Which of the following are the examples of complemental), goods ?
(A) pen and ink
(B) tea and sugar
(C) tea and coffee
(D) ball pen and gel pen
(E) shoes and socks
Choose the correct answer from the options given below :- CUET (UG) - 2023
- Economics
- Goods and Services
- Match LIST I with LIST IIChoose the Correct answer from the options given below
LIST I
LIST II
A Quotas I Monetary assistance given by government for production activities B Import substitution II Government protects domestic industries from foreign competition C Tariffs III Tax on imported goods D Subsidy IV Specify the quantity of goods which can be imported - CUET (UG) - 2023
- Economics
- Goods and Services
- Find out correct information
A. Both consumption goods and capital goods are final goods.
B. Intermediate goods, mostly used as raw material.
C. Capital goods are crucial backbone of production process.
D. Final goods pass through more stages of production.
Choose the correct answer from the options given below :- CUET (UG) - 2023
- Economics
- Goods and Services
View More Questions
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions