Statement I: The most important job of money is as a store of value.
Statement II: Over 70 percent of our money supply consists of paper money.

Question

Quizplus · Accepted Answer

Statement I is false because the most important job of money is generally considered to be as a medium of exchange. Statement II is false because the majority of the money supply in modern economies consists of bank deposits, not paper money.

Statement I: the Most Important Job of Money Is as a Store