Tyler and his wife carefully budget funds each month and save 20% of their paycheques in a money market account so that they will have a down payment for a house within the next five years. Which function of money does this illustrate?

Question

Quizplus · Accepted Answer

By saving and investing a portion of their income each month, Tyler and his wife are using money as a store of value, which means that they are setting aside funds for future use or emergencies. This illustrates the function of money as a way to hold wealth and preserve its value over time.

Tyler and His Wife Carefully Budget Funds Each Month and Save