ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The feature of money that allows time to pass between earning choke and spending income
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How much a store cost
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The price of a business to be turnt into a store
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The earnings of a store
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Detailed explanation-1: -Money as a Store of Value 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: -One of the functions of money in an economy is that it serves as a store of value. A store of value is something that people use to transfer purchasing power from the present to the future. While money is an asset that can store value, it’s not the only type. Gold and silver, for example, act as stores of value.
Detailed explanation-3: -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. Money’s usefulness as a store of value declines if there are significant changes in the general level of prices.
Detailed explanation-4: -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.