When money is used as a means to hold wealth, it serves as a:
A)financial intermediary
B)double coincidence of wants
C)store of value
D)medium of exchange

Question

Quizplus · Accepted Answer

When money is used as a store of value, it means individuals hold money to preserve or save their wealth, which is one of the functions of money. A financial intermediary, on the other hand, refers to a middleman that brings together borrowers and lenders. Double coincidence of wants is a situation where two individuals have what each other wants in a trade, making barter exchange possible. Medium of exchange is a function of money that enables individuals to exchange goods and services easily.

When Money Is Used as a Means to Hold Wealth