ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Source of income
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Pillar of economy
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Store of value
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Physical property
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Detailed explanation-1: -Money has a store of value because it is an asset that can be invested, stored in a bank, left in a safe at home, and then later used to purchase something in the future. Store of value is an important money function because it helps facilitate trade in the future.
Detailed explanation-2: -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-3: -Money as a store of value Money is well-suited to storing value because of its purchasing power. It is also useful because of its durability. Because of its function as a store of value, large quantities of money are hoarded.