A primary function of money is to ______

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
A primary function of money is to ______
(A) Serve as a medium of exchange
(B) Serve as a standard of deferred payments
(C) Serve as a general form of capital
(D) Serve as a store of value.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Serve as a medium of exchange.

Topics: Business Economics

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