When money is held to make future purchases,it serves as a
A) medium of exchange.
B) store of value.
C) standard of value.
D) price index.
E) required reserve.

Question

Quizplus · Accepted Answer

Money held for future purchases serves as a store of value as it holds its purchasing power over time. Money as a medium of exchange is used for current transactions, a standard of value is a unit of measurement for prices, a price index is a measure of the price level, and required reserve is the portion of deposits that banks must hold as a reserve.

When Money Is Held to Make Future Purchases,it Serves as a