Question

Discuss any two contingent functions of money.

Answer 1

The two contingent functions of money are as follows:
$\left(1\right)$ Credit System: It is the money which provides the basis of entire credit system. Without the existence of money, important credit instruments like cheques, bills of exchange cannot be used.
$\left(2\right)$ Distribution of National Income: It made the distribution of national income among factors of production possible because the production is the outcome of various factors. These factors are recorded in terms of money.