A store of value is the function of money when used to transfer purchasing power to the future.

Question

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A store of value is one of the three main functions of money, alongside medium of exchange and unit of account. It refers to the ability of money to retain its value over time and serve as a reliable means of transferring purchasing power to the future. This allows individuals to save money and preserve their wealth, as well as make investments and engage in long-term planning.

A Store of Value Is the Function of Money When