Ask Question
24 July, 04:40

If Jim hides $30 under his mattress and he still has $30 there three weeks later, what function has the money fulfilled?

+5
Answers (1)
  1. 24 July, 07:05
    0
    Jim hides $30 under his mattress and he still has $ 30 this is known as storage of value.

    the asset which is being saved, and will be used to retrieve or exchange at later time is known as Store value.

    Anything which have purchasing power is known as store value

    The store money can be exacted afterward as per there requirement.

    This is basically done for saving purpose.

    In this method, the flow of money does not take place.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If Jim hides $30 under his mattress and he still has $30 there three weeks later, what function has the money fulfilled? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers