The function of money which makes division of labour poss...
The function of money which makes division of labour possible is its
Unit of account
Store of value
Medium of exchange
Standard of deferred payment
Correct answer is C
The most important function of money is that it serves as a medium of exchange. By serving as a convenient medium of exchange, money has made division of labour or specialization possible by being generally acceptable.
A demand curve parallel to the Y-axis indicates ...
In the long-run, potential GNP is variable because. I technological change takes place II the qu...
Visible balance is also known as ...
In the diagram above, full employment is indicated by ...
The elasticity of demand is given by ...