The store of value function is defined as the
A)pricing of goods and services in one measure.
B)exchange of goods and services directly for other goods and services.
C)holding of money from one transaction to be used later in another transaction.
D)double coincidence of wants that is used in the debate over barter versus money.
E)use of money as a medium of exchange.

Question

Quizplus · Accepted Answer

The store of value function refers to the ability of money to hold its value over time and be saved for use in later transactions. Choice A refers to the unit of account function, choice B refers to the barter system, choice D refers to the difficulties of barter, and choice E refers to the medium of exchange function.

The Store of Value Function Is Defined as the