Use of money to save up for a future cash purchase would be an example of money's role as a
A)medium of exchange.
B)store of value.
C)unit of account.
D)store of wealth.
E)standard of deferred payment.

Question

Quizplus · Accepted Answer

Money can be used to store value over time, allowing individuals to save up for future purchases without losing purchasing power due to inflation or other economic factors. This is one of the main functions of money as a store of value.

Use of Money to Save Up for a Future Cash