Скачать или смотреть 💰 Functions of Money | Primary, Secondary & Contingent Functions | UGC NET Economics 2025

In today’s video, we cover the Functions of Money — one of the most important conceptual topics under Indian Monetary & Banking Institutions for UGC NET Economics 2025.

Questions from this topic appear frequently in PYQs, especially asking about primary, secondary, and contingent functions of money.

🧠 Topics Covered in This Video:
PRIMARY FUNCTIONS

✔ Medium of Exchange
✔ Measure of Value (Unit of Account)

SECONDARY FUNCTIONS

✔ Store of Value
✔ Standard of Deferred Payments
✔ Transfer of Value

CONTINGENT FUNCTIONS

✔ Basis of Credit Creation
✔ Distribution of National Income
✔ Facilitates Business & Trade
✔ Helps in Measurement of Economic Variables

🎯 Why This Topic Is Important for UGC NET?

Direct theory questions asked repeatedly
Conceptual MCQs based on classification
Often linked with Money Supply, Banking, and RBI topics
High-scoring static area

📚 Best For:

UGC NET Economics | JRF | Paper 2 | Commerce | Indian Economy | Banking & Financial Institutions

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