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 objectʹs value, the better it serves as a store of value.
III. A work of art can serve as a store of value.
A) I and II
B) I and III
C) I, II and III
D) I only

Question

Quizplus · Accepted Answer

I is true as a store of value is something that can be stored and used to purchase goods or services at a later time. 
II is false as the more stable an object's value, the better it serves as a store of value. 
III is true as works of art can hold and even increase their value over time, making them a potential store of value. Therefore, only option B is correct.

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