Tariq collected $300 last weekend for mowing yards. Rather than spending the money immediately, he set it aside in an interest-bearing account. He hopes to accumulate more than $3000 to offset his college expenses this fall. For Tariq, money is serving as which of the following?

Question

Quizplus · Accepted Answer

Money is serving as a store of value for Tariq because he is setting aside the money in an interest-bearing account with the intention of accumulating more money for college expenses in the future.

Tariq Collected $300 Last Weekend for Mowing Yards