Which of the following is a store of value?
A)a credit card
B)a cheque
C)a debit card
D)a fixed term deposit
E)fresh fruit and vegetables

Question

Quizplus · Accepted Answer

A fixed term deposit is a financial instrument that allows individuals to deposit money with a financial institution for a fixed period of time at a fixed interest rate. The principal and interest earned are guaranteed, making it a reliable store of value. Unlike fresh fruit and vegetables, it does not depreciate in value over time. A credit card, cheque, and debit card are not stores of value, as they do not hold value themselves but are used to access funds.

Which of the Following Is a Store of Value