1.

Write down two secondary functions of money.

Answer»

Following are the two secondary functions of money :

  1. Store of Value – Money has made it possible to store value for future use. One can make savings in form of money and also earn interest on these savings. He can fulfil his future needs through his savings.
  2. Basis of Future Payment – Money has made future payments possible, because the value of money has more stability. In present time, all the enchanges are done on credit. How much and when are these credit payments to be made is decided by money.


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