Statement I: One job of money is as a store of value.
Statement II: Money may perform as a standard of value or as a medium of exchange,but not both at the same time.

Question

Quizplus · Accepted Answer

Statement I is true because one of the primary functions of money is to serve as a store of value, meaning it can be saved and used to purchase goods or services at a later time. 
Statement II is false because money can operate as both a standard of value and a medium of exchange simultaneously. It serves as a standard of value by providing a common unit of measurement for the worth of goods and services, and it serves as a medium of exchange by facilitating transactions between individuals or businesses.

Statement I: One Job of Money Is as a Store