Question

The functions performed by money in assisting various economic agents in making economic decisions are called

• A. Contingent functions of money
• B. Primary functions of money
• C. Secondary functions of money
• D. None of the above

Answer 1

The correct option is A

Contingent functions of money

The functions performed by money in assisting various economic agents in making economic decisions are called contingent functions of money. It includes distribution of national income, basis of credit, assisting production and consumption decisions, etc.