What do you mean by contigent functions of money? Explain any two.

Contingent functions of money include functions of money such as facilitates credit, facilitates distribution of income, maximises consumer's and producers satisfaction and liquidity.

i. Facilitates Credit- Money facilitates the functioning of credit instruments such as cheques, promissory notes, bills of exchange, etc.
ii. Facilitates Distribution of Income- Factor payments can be made easily in form of monetary remunerations such as wages, rent, interest and profit.