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making money at a garage sale and saving it
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∙ 9y ago
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What is an example of money as a store of value?
Money can be used to buy assets. Assets can be things like land, houses and vehicles. They can be sold in future for money.
Is money a store of value?
No, because the value of money depreciates with inflation.
What are the 3 main fuctions of money?
Money as a Medium of Exchange, Money as a Measure of Value, Money as a Store of Value.
When economists say that money is a store of value does it mean that money can be used to measure the value of other commodities?
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.
When used to accumulate wealth money functions as a?
Store of value
What is the difference between knowing the price and knowing the value of something?
Take a toy in a store for example. The price is the amount of money you have to pay to buy it from the store. The value is the amount of money that the object is actually worth - how much money it took to make it.
What is an example of money as a store of value?
Money can be used to buy assets. Assets can be things like land, houses and vehicles. They can be sold in future for money.
Is money a store of value?
No, because the value of money depreciates with inflation.
Describe one way money acts as a store of value?
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 is a store of value?
What are the funcation of money
How does money serve as a store of value?
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.
What are the 3 main fuctions of money?
Money as a Medium of Exchange, Money as a Measure of Value, Money as a Store of Value.
When economists say that money is a store of value does it mean that money can be used to measure the value of other commodities?
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.
Money functions as a unit of accounting when?
It is used as a store of value.
When used to accumulate wealth money functions as a?
Store of value
Which game store gives money for old games?
Game Stop does, but it's better to get store credit because the value for store credit to money is better.
Money serves as a store of value by?
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.
