If money is used as a mechanism to hold purchasing power for a period of time it is functioning as a
A) standard of value.
B) store of value.
C) medium of exchange.
D) unit of account.

Question

Quizplus · Accepted Answer

Money serves as a store of value when it is used to hold purchasing power for a period of time, meaning it can be saved or invested for future use. The other choices are also functions of money, but do not specifically relate to the holding of purchasing power over time.

If Money Is Used as a Mechanism to Hold Purchasing