Which of the following is a store of value?
A)fresh fruit and vegetables
B)a cheque
C)a debit card
D)a fixed term deposit
E)a credit card

Question

Quizplus · Accepted Answer

A fixed term deposit is a financial instrument that allows individuals to store their money in a bank for a fixed period of time, with a guaranteed interest rate. It is considered a store of value because it retains its purchasing power over time, unlike fresh fruit and vegetables which decay and lose value, a cheque which is subject to the creditworthiness of the issuer, a debit or credit card which represents an access to funds that are subject to inflation and currency fluctuations.

Which of the Following Is a Store of Value