The asset demand for money is most closely related to money functioning as a
A) unit of account.
B) medium of exchange.
C) store of value.
D) measure of value.

Question

Quizplus · Accepted Answer

The asset demand for money is most closely related to its function as a store of value. This is because when people hold money as an asset, they are primarily concerned with its ability to maintain value over time, allowing them to preserve wealth and make future purchases.

The Asset Demand for Money Is Most Closely Related to Money