People use money as a store of value when they:
A) hold money to transfer purchasing power into the future.
B) use money as a measure of economic transactions.
C) use money to buy goods and services.
D) hold money to gain power and esteem.

Question

Quizplus · Accepted Answer

Holding money as a store of value means storing purchasing power for future use. This can be done by holding cash, using savings accounts or buying financial assets like stocks or bonds. Using money as a measure of economic transactions refers to its function as a unit of account. Using money to buy goods and services is its function as a medium of exchange. Holding money for power and esteem is not a recognized function of money.

People Use Money as a Store of Value When They