Which of the following is an example of using money as a store of value?
A) keeping $200 on hand for an emergency
B) paying cash for a new automobile
C) paying for a new dress with a credit card
D) paying rent with a check on a demand deposit

Question

Quizplus · Accepted Answer

Using money as a store of value means holding onto it as a means of saving for future purchases or emergencies. Keeping $200 on hand for emergency situations is an example of using money as a store of value.

Which of the Following Is an Example of Using Money