If Jack Sparrow buries a chest of gold on a deserted island and plans to come back for it later, then the gold is functioning as a
A) unit of account.
B) store of value.
C) medium of exchange.
D) barter tool.

Question

Quizplus · Accepted Answer

The gold is serving as a store of value because Jack Sparrow plans to come back for it later and preserve its value over time. It is not being used as a medium of exchange or unit of account in this scenario, and barter tools typically refer to goods used for direct exchange rather than a store of value.

If Jack Sparrow Buries a Chest of Gold on a Deserted