Which of the following applies to an object serving as a store of value?
I. If an object can be held and exchanged later for a good or service, it serves as a store of value.
II. The less stable an object's value, the better it serves as a store of value.
III. A work of art can serve as a store of value.
A) I only
B) I and II
C) I, II and III
D) I and III

Question

Quizplus · Accepted Answer

Option I is correct as an object serving as a store of value can be held and exchanged later for a good or service. Option II is incorrect as the more stable an object's value, the better it serves as a store of value. Option III is correct as works of art are often used as stores of value. Therefore, options I and III are the correct choices.

Which of the Following Applies to an Object Serving as a Store