In comparing money to a U.S. Treasury bond held by an individual, we can say:
A) both are legal tender.
B) both are units of account.
C) only the bond is legal tender since it is an obligation of the U.S. government.
D) both are stores of value.

Question

Quizplus · Accepted Answer

Both money and a U.S. Treasury bond held by an individual are stores of value. Money represents a certain value and can be stored for future use, while a Treasury bond is a financial instrument that allows the holder to earn interest on the amount invested, providing a store of value over time. However, only money is legal tender in the sense that it can be used to settle debts and obligations, while the Treasury bond is not legal tender but is rather a contractual obligation of the U.S. government to repay the principal and interest to the bondholder.

In Comparing Money to a U