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Money and Types of Money · UPSC CDS/OTA · Question 61 of 90

Money and Types of Money: What are the main functions of money?

Step-by-step solution. Money and Types of Money for UPSC CDS/OTA.

Topic
Money and Types of Money
Subject
General Studies
Difficulty
Medium
Solve Time
45-60 sec

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Q · Money and Types of MoneyMedium · 45s

What are the main functions of money?

TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

Money performs four key functions – it helps in buying/selling, measuring value, saving wealth, and making future payments.

Final Answer: Option C - Medium of exchange, unit of account, store of value, and standard of deferred payments
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What are the main functions of money? - Money and Types of Money (General Studies) Solved Question