Sam has been saving for his retirement for twenty years. He has a plan and has estimated how much he needs to save each year to provide the standard of living that he wants in retirement. Sam is emphasizing which of the following functions of money as he saves for retirement?
A) medium of exchange
B) unit of account
C) store of value
D) reserve deposit

Question

Quizplus · Accepted Answer

Sam is emphasizing the "store of value" function of money by saving for his retirement, ensuring that his money retains its value over time to support his standard of living in the future.

Sam Has Been Saving for His Retirement for Twenty Years