Which of the following describes the store of value function of money?
A) noting that Audible.com sells downloadable audio books for $10 per book
B) making a monthly payment toward your car loan
C) paying $30 for a haircut
D) putting away $50 each month into your savings account

Question

Quizplus · Accepted Answer

Putting away $50 each month into a savings account is an example of using money as a store of value because the money is being saved for future use and maintaining its value over time.

Which of the Following Describes the Store of Value Function