SSC Supreme Court Junior Court Assistant Mock Test Series 2025 General Knowledge Economy Money and Banking
Which of the following is an example of the 'standard of deferred payment' function of money in the Indian economy?
1
Pay back the loan with interest over a period of several years.
2
Exchange of goods and services through barter system.
3
Using cash to buy goods and services in the local market.
4
Saving money in bank account for future use.