11th Commerce: Economics Chapter 2 Lecture 4 - Money | Maharashtra Board скачать в хорошем качестве

11th Commerce: Economics Chapter 2 Lecture 4 - Money | Maharashtra Board

Understand the Functions of Money in a clear and simple way! In this video, we explain the Primary, Secondary, and Contingent Functions of Money, along with the Concept of Black Money—perfect for Commerce, Economics, Class 11 & 12, B.Com, BA LLB, UPSC, and competitive exam students. 🔹 A) Primary Functions of Money • Medium of Exchange – Money helps us buy and sell goods easily. • Measure of Value / Unit of Account – Prices, incomes, assets, and liabilities are all expressed in monetary terms. 🔹 B) Secondary Functions of Money • Standard of Deferred Payments – Money makes borrowing and lending convenient. • Store of Value – Helps save for the future; money links the present and future. • Transfer of Value – Allows buying or selling assets from one place to another. 🔹 C) Contingent Functions of Money • Measurement of National Income – GDP, GNP, rent, wages, interest, and profits are expressed in money. • Basis of Credit – Banks create credit money using deposits. • Imparts Liquidity to Wealth – Money is the most liquid asset; it can be easily converted to other assets. • Estimation of Macro-Economic Variables – Helps calculate savings, investment, tax collection, and budget planning. 🟦 Concept of Black Money Black Money refers to income not reported to the government and on which tax is not paid. It leads to corruption, bribery, black marketing, hoarding, and slows down economic development. Countries often use demonetization as a tool to control black money. If you're preparing for exams like HSC, B.Com, BA LLB, UPSC, MPSC, SSC, this video will help you score better with clear and simple explanations. 📌 Like, Share & Subscribe for more Commerce and Economics Shorts!