ECONOMICS
FISCAL POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Medium of exchange
|
|
|
Unit of account
|
|
|
Store of value
|
|
|
Means of differed payment
|
Detailed explanation-1: -In the monetary economy, money is considered a store of value, where it can be used as a means of saving and allocating capital. Money’s property as a store of value facilitates a transfer of purchasing power over time.
Detailed explanation-2: -Money as a store of value means that money is used as a widely accepted currency that holds its value over time. People can earn money, save it, and then spend it later on, knowing that the value has been stored over time.
Detailed explanation-3: -How Money Works. Money is a liquid asset used to facilitate transactions of value. It is used as a medium of exchange between individuals and entities. It’s also a store of value and a unit of account that can measure the value of other goods.
Detailed explanation-4: -Money acts as a unit of account or money is the measure of exchange value. This means that money is a sort of common denominator, through which the exchange value of all goods and services can be expressed without any difficulty.
Detailed explanation-5: -MONEY is the data type which is used to store values involving money.