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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 7
Which of the following defines the "store of value" function of money?
A) A common measurement of the relative value of different goods and services.
B) The ability of money to hold value over time.
C) That the materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
D) That money is widely accepted in exchange for goods and services.
A) A common measurement of the relative value of different goods and services.
B) The ability of money to hold value over time.
C) That the materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
D) That money is widely accepted in exchange for goods and services.
Explanation
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Money has three important functions whic...
Economics for Today 9th Edition by Irvin Tucker
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