(a) The respiratory pigment in human beings is haemoglobin, found in red blood cells. Its function is to transport oxygen from the lungs to all body tissues.
(b) Lungs always retain a residual volume of air so that there is sufficient time for oxygen to be absorbed into the blood and carbon dioxide to be released, ensuring a continuous exchange of gases even between breaths.
(c) ATP (Adenosine Triphosphate) is called the energy currency of living beings because energy released during the breakdown of glucose is stored in ATP molecules. This stored energy is then used to power various cellular reactions whenever required — just like currency is used for different transactions.
---