Which of the following applies to an object serving as a store of value?
I.If an object can be held and exchanged later for a good or service, it serves as a store of value.
II.The less stable an object's value, the better it serves as a store of value.
III.A work of art can serve as a store of value.
A) I only
B) I and II
C) I and III
D) I, II and III

Question

Quizplus · Accepted Answer

I and III are correct because an object that can be exchanged later for goods or services and a work of art, which can maintain or increase in value over time, both serve as stores of value. II is incorrect because an object that serves as a good store of value should have a stable or increasing value, not a less stable value.

Which of the Following Applies to an Object Serving as a Store