When people keep money for some period instead of spending it or investing it, money is serving the role of a

Question

Quizplus · Accepted Answer

When money is kept for some period instead of being spent or invested, it is performing the function of a store of value. This means that it can be saved and used in the future to purchase goods or services. The other options (A, B, D) are all related to the use of money in transactions or agreements, which is not the case when money is simply being held.

When People Keep Money for Some Period Instead of Spending