Money's function as a store of value can best be described as
A)an agreed- upon measure for stating the prices of goods and services.
B)a generally acceptable exchange system.
C)an efficient means of writing contracts over a long time period.
D)a guarantee of a double coincidence of wants.
E)something that can be held and exchanged later for goods and services.

Question

Quizplus · Accepted Answer

Money's function as a store of value allows individuals to hold onto it as a means of preserving their purchasing power over time. This means that they can exchange it later for goods and services, making it a reliable means of saving and investing.

Money's Function as a Store of Value Can Best Be