When money serves as a mechanism for transforming current income into future purchases,it is functioning as a

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When money is used to store value or transform current income into future purchases, it is functioning as a store of value. While money also serves as a medium of exchange and standard of account, these functions are related to the actual exchange or measuring of goods and services, rather than saving or storing value. The term "standard of value" is not commonly used in economics, and may refer to the same concept as "standard of account".

When Money Serves as a Mechanism for Transforming Current Income