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

Question

Quizplus · Accepted Answer

Money acts as a store of value when it is saved or kept on hand for future use, as in the case of keeping $200 for an emergency. This demonstrates money's ability to retain value over time, allowing it to be used in the future.

Which of the Following Is an Example of Using Money