One of the principle functions of money is that it serves as a “store of value." This role could be described by recognizing that money is A. used as a basic unit of measuring economic activity. B. an asset that can be used for payment when buying goods/services. C. an asset that can be used as a means to hold wealth. D. None of the above answers are correct (since money in fact does not serve as a "store of value").
One of the principle functions of money is that it serves as a “store of value." This role could be described by recognizing that money is A. used as a basic unit of measuring economic activity. B. an asset that can be used for payment when buying goods/services. C. an asset that can be used as a means to hold wealth. D. None of the above answers are correct (since money in fact does not serve as a "store of value").
Chapter1: Making Economics Decisions
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![Economics
One of the principle functions of money is that it
serves as a “store of value." This role could be
described by recognizing that money is
A. used as a basic unit of measuring economic
activity.
B. an asset that can be used for payment when
buying goods/services.
C. an asset that can be used as a means to hold
wealth.
D. None of the above answers are correct (since
money in fact does not serve as a "store of value").](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff305ac1c-55d9-4e54-b209-a5c7785f7813%2F289f3bb1-12a4-4555-a68d-d9d3967d7e4a%2F6co710k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
One of the principle functions of money is that it
serves as a “store of value." This role could be
described by recognizing that money is
A. used as a basic unit of measuring economic
activity.
B. an asset that can be used for payment when
buying goods/services.
C. an asset that can be used as a means to hold
wealth.
D. None of the above answers are correct (since
money in fact does not serve as a "store of value").
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