If you save $20,000 for a down payment on a house, you are using money as
A) a store of value.
B) a unit of account.
C) a medium of exchange.
D) a standard of deferred payment.

Question

Quizplus · Accepted Answer

The act of saving $20,000 for a down payment on a house indicates that money is being used as a store of value. The money is being held for a specific purpose, in this case, to be used as a payment towards a house at a later time. Money serves as a store of value when it can be held for future use, and can maintain its value over time.

If You Save $20,000 for a Down Payment on a House