When we keep part of our wealth in a bank checking account,we are using money as a
A)store of value.
B)medium of exchange.
C)barter token.
D)unit of account.
E)unit of currency.

Question

Quizplus · Accepted Answer

By keeping our wealth in a bank checking account, we are using money as a store of value. Money acts as a way to hold onto and preserve our wealth over time, as opposed to physical goods or assets that may deteriorate or decline in value.

When We Keep Part of Our Wealth in a Bank