Inflation increases the future purchasing power of money when money is used as a store of value.

Name: Inflation increases the future purchasing power of money when money is used as a store of value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation decreases the value of money over time, meaning that the future purchasing power of money will be lower. This is because inflation erodes the value of money as prices of goods and services increase. Therefore, money is not a reliable store of value when there is inflation.

Inflation Increases the Future Purchasing Power of Money When Money