Which of the following applies to money when it serves as a store of value?
I. Money is a store of value because it is an agreed measure for stating goodsʹ prices.
II. The more stable moneyʹs value, the better it serves as a store of value.
III. When money serves as a store of value, it requires a double coincidence of wants.
A) II and III
B) I and II
C) I only
D) II only

Question

Quizplus · Accepted Answer

Money serves as a store of value when it maintains its value over time, allowing individuals to save and retrieve it in the future. A stable value enhances this function. Statement I describes money as a unit of account, not a store of value, and statement III describes a barter system, not money.

Which of the Following Applies to Money When It Serves