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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking3 Marks
Question
Explain the 'Store of value' function of money. How has it solved the related problem created by barter?
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Answer

Store of value: Function of money means that money can be used as an asset for storing value. It further means that the stored money can be used for transactions in future. This is because money comes in convenient denominations, easily mobile and can easily be used for transactions.

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