Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

If an individual is living in an isolated land and do not take part in any economic transaction then which function of money will cater to his/her need?

Options:

Store of value

Medium of exchange

Unit of value

None of the above

Correct Answer:

None of the above

Explanation:

If an individual is living in an isolated land and do not take part in any economic transaction then money has no function to him/her. Concept of money will be redundant if their is no economic transaction in the economy.