Assertion (A): Secondary Functions of Money are also known as Derivative Functions.
Assertion (A): Secondary Functions of Money are also known as Derivative Functions.
Reason (R): Secondary Functions are derived from primary functions of money.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A).
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True.
Anurag Pathak Changed status to publish December 14, 2023
Ans – (a)
Explanation:-
These refer to those functions of money which are supplementary to the primary functions. These functions are derived from primary functions and, therefore, they are also known as ‘Derivative Functions’.
The Major Secondary functions are:
- Standard of Deferred payments
- Store of Value (Asset Function of Money)
Anurag Pathak Changed status to publish December 14, 2023
