Which of the following is an example of using money as a store of value?
A) paying cash for a new automobile
B) keeping $200 on hand for an emergency
C) paying for a new dress with a credit card
D) paying rent with a check on a demand deposit

Question

Quizplus · Accepted Answer

Keeping $200 on hand for an emergency represents using money as a store of value as the money is being held for future use and retains its value over time. The other options involve using money for specific transactions or payments, but do not necessarily represent using money as a store of value.

Which of the Following Is an Example of Using Money