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? |
Store of value Medium of exchange Unit of value None of the above |
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. |