Printed money or electronic transfers and deposits obviously have no intrinsic value. However, money serves as a store of value because societies have agreed that it can be used to trade for goods and services.
No, because the value of money depreciates with inflation.
Money acts as a store of value because it is valuable. Money can be held and spent when something is worth it's value.
What are the funcation of money
Money as a measure of value is the function of money.
Money as a Medium of Exchange, Money as a Measure of Value, Money as a Store of Value.
making money at a garage sale and saving it
Money has three functions, being a: 1) store of value; 2) unit of account; 3) medium of exchange. The first, a store of value, implies that money maintains and stores its value over time - unlike many other mediums of exchange, which can depreciate. Money is intended to be storeable, retrievable, and reuseable as a medium of exchange itself. Therefore, being a store of value does not mean that money can be used to measure the value of other commodities - that is its third function, medium of exchange.
standard of valueThe function of money as a measure of value.
Game Stop does, but it's better to get store credit because the value for store credit to money is better.
It is used as a store of value.
Store of value
When money serves as a store of value it is a monetary unit for comparing and measuring the relative values of goods. It helps to keep the wealth readily for future use.