The store of value characteristic of money refers to the fact that:
A) people save most of their money.
B) money allows people to shift purchasing power into the future.
C) money is not valuable unless it is stored.
D) money is the only way people have to store value.

Question

Quizplus · Accepted Answer

The store of value characteristic of money means that money can be saved and held for use in the future, allowing individuals to shift their purchasing power over time. This is important for economic stability and financial planning.

The Store of Value Characteristic of Money Refers to the Fact