If a friend of yours keeps cash hidden under the mattress, he is using money as a
A) medium of exchange.
B) unit of accounting.
C) store of value.
D) standard of deferred value.

Question

Quizplus · Accepted Answer

The fact that he is keeping cash hidden under the mattress indicates that he is using it as a store of value. This means that he is keeping the money in a safe place to preserve its value over time, rather than using it for immediate transactions.

If a Friend of Yours Keeps Cash Hidden Under the Mattress