Money's function as a store of value can best be described as
A)an agreed measure for stating the prices of goods and services.
B)a guarantee of a double coincidence of wants.
C)an efficient means of writing contracts over a long time period.
D)something that can be held and exchanged later for goods and services.
E)a generally acceptable exchange system.

Question

Quizplus · Accepted Answer

Money's function as a store of value means that it can be held for some time and exchanged later for goods and services. This implies that it retains its purchasing power over time and is durable. Other functions of money include being a medium of exchange, a unit of account, and a standard of deferred payment.

Money's Function as a Store of Value Can Best Be