Which of the following applies to an object serving as a store of value?
I. If an object can be held and exchanged later for a good or service, it serves as a store of value.
II. The less stable an object's value is, the better it serves as a store of value.
III. A work of art can serve as a store of value.
A) I only
B) I and II
C) I and III
D) I, II and III

Question

Quizplus · Accepted Answer

I and III are correct. An object that can be exchanged later for goods or services and retains value over time, like a work of art, serves as a store of value. II is incorrect because an object that has a stable value is generally considered a better store of value.

Which of the Following Applies to an Object Serving as a Store