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?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: None of the above
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.