Money serves as a store of value when
A) it is used to purchase goods and services.
B) there is direct trade of goods and services.
C) it is a basic measure of economic value.
D) it is a means of holding wealth.
E) there is a double coincidence of wants.

Question

Quizplus · Accepted Answer

Money serves as a store of value when it is a means of holding wealth. This means that people can save their money and hold onto it for future use or investment, knowing that its value will be preserved over time. This is one of the key functions of money in modern economies. Choices A, B, C, and E are not correct because they do not define the concept of store of value.

Money Serves as a Store of Value When