When you are willing to go to sleep tonight with r₁00 in your wallet and you have complete confidence that you can spend it tomorrow and receive the same amount of goods as you would have received had you spent it today, money has demonstrated its function as a medium of exchange.

Question

Quizplus · Accepted Answer

Money demonstrates its function as a store of value when it retains its purchasing power over time, not as a medium of exchange.

When You Are Willing to Go to Sleep Tonight with R₁00