10 July 2010
When economists say that money serves as a store of value?
Posted by admin under: Economics .
When economists say that money serves as a store of value, they mean that it is:
A. a way to keep wealth in a readily spendable form for future use.
B. a means of payment.
C. a monetary unit for measuring and comparing the relative values of goods.
D. declared as legal tender by the government.
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4 Comments so far...
ballroomgroom Says:
10 July 2010 at 3:07 pm.
If you dont work on the economy you cannot under stand how and what it is like to REALLY totally understand moneyt!
HONEST INJUN!
Mallory Says:
13 July 2010 at 4:18 pm.
This was a question on one of my econ tests. I believe it’s C.
kskinner83 Says:
15 July 2010 at 7:21 pm.
The correct answer is A. I just had this question on my mid term as well.
Store of value is defined as – any commodity or token that can be held and exchanged later for goods and services.
Christiaan Says:
18 July 2010 at 4:14 am.
C. Notice they use value in the question and value in the answer. I don’t believe it is A because money does not store value in the future, due to inflation, but it does store value in that it has a relative value to a certain amount of goods.