ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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unit of account/standard of value
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store of value
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medium of exchange
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None of the above
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Detailed explanation-1: -One of the most important features of money is that it acts as a store of value, which means that you can not only use it to trade but also store it for future use.
Detailed explanation-2: -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-3: -Gold and other metals are stores of value, as their shelf lives are essentially perpetual. For investors, interest-bearing assets such as U.S. Treasury bonds (T-bonds) qualify, too, because they retain their value while generating income.
Detailed explanation-4: -Money serves as a store of value.
Detailed explanation-5: -MONEY is the data type which is used to store values involving money.