1.

Suggest the economic terms for the given statements.1. Money is generally used by the people but there is no legal compulsion of accepting it.2. Payment to be made at a future date.3. Name the function of money when it serves as a medium of exchange and measure of value.4. Tool to control black money.

Answer»

1. Nonlegal tender money

2. Deferred payment

3. Primary functions

4. Demonetization



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