When people save money to use to make purchases later, money serves as a
A) medium of exchange
B) unit of account
C) store of value
D) standard of debt

Name: When people save money to use to make purchases later, money serves as a A) medium of exchange B) unit of account C) store of value D) standard of debt
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Question

Quizplus · Accepted Answer

Money serves as a store of value when it is saved for future purchases, meaning it can retain its value over time and be used to buy goods or services later.

When People Save Money to Use to Make Purchases Later