When money is acting as a store of value, it allows an individual toA. exchange goods for other goods and services in the economy. B. transfer dollars, and therefore purchasing power, into the future. C. measure the value of goods and services in the economy. D. trade money for goods and services in the economy.

Question

Business

Noelle Bauer

30 December, 18:31

When money is acting as a store of value, it allows an individual toA. exchange goods for other goods and services in the economy. B. transfer dollars, and therefore purchasing power, into the future. C. measure the value of goods and services in the economy. D. trade money for goods and services in the economy.

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Answers (1)

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Marianna Gardner · Answer 1

The answer is (B) transfer dollars, and therefore purchasing power, into the future.

Explanation:

A store of value is best described as a function contained in an asset that allows it to be saved, retrieved, and traded in the future. Money provides this function, alongside other forms of assets such as bonds, gemstones, and precious metals. Other functions of money, include as a medium of exchange and a unit of account.