When we say that money serves as a store of value, we mean that it is:
A)a way to keep some of our wealth in a readily spendable form for future use.
B)a means of payment.
C)a monetary unit for measuring and comparing the relative values of goods.
D)declared as legal tender by the government.

Question

Quizplus · Accepted Answer

Money serves as a store of value because it allows individuals to save their wealth in a form that can be easily exchanged for goods and services in the future. This means that individuals can accumulate wealth over time and use it later when needed, rather than needing to spend all of their income immediately.

When We Say That Money Serves as a Store of Value