ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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holding purchasing power for later use
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equity
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liability
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medium of exchange
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Detailed explanation-1: -A store of value is any commodity or asset that would normally retain purchasing power into the future and is the function of the asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.
Detailed explanation-2: -Summary. A store of value is an asset, currency, or a commodity that can be stored and retrieved at a later date without losing its value.
Detailed explanation-3: -A store of value is an asset that maintains its value, rather than depreciating. Gold and other precious metals are good stores of value because their shelf lives are essentially perpetual. A nation’s currency must be a reasonable store of value for its economy to function smoothly.
Detailed explanation-4: -A store of value is an asset that does not depreciate. Gold and silver are great examples since their shelf life is basically perpetual.
Detailed explanation-5: -The Value of Money Can Be Inflated Away If value is stored as money, then the value can decrease over time, writes Forbes. This is especially so when compared to other stores of value, such as stocks or real estate, which can keep pace with inflation by increasing in price.