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Model Paper 3 — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsModel Paper 31 Mark
MCQ
The broad definition of money is based on:
  • A
    Medium of payment function
  • B
    Transferability of money
  • C
    Store of the value function
  • D
    Broad money is most liquid
✓

Answer

(c) Store of the value function
Explanation: Broad money is less liquid. So, based on the store of the value function.

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