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Money serves as a good store of value except when an economy experiences a period of .?
...inflation
What the three functions of money?
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
What is the main functions of Money in economic system?
Money is often defined in terms of the three functions or services that it provides. Money serves:1. As a medium of exchange2. As a store of value, and3. As a unit of account
Is money a store of value?
No, because the value of money depreciates with inflation.
Money serves as a standard to place value on goods and services what is created?
unit of account
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.
Money serves as a good store of value except when an economy experiences a period of .?
...inflation
What are the three functions of money?
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
What the three functions of money?
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
What gives money value?
Money has value because it serves as a medium of exchange, unit of account, and store of value. It is accepted by people as a commonly used medium for transactions and has a stable value recognized by society and governments. Confidence in the stability and acceptance of money by individuals and institutions also contributes to its value.
What is the main functions of Money in economic system?
Money is often defined in terms of the three functions or services that it provides. Money serves:1. As a medium of exchange2. As a store of value, and3. As a unit of account
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
Money serves as a good store of value except when an economy experiences a period of?
hyperinflation, where the value of money decreases rapidly, making it a poor store of value. Hyperinflation erodes purchasing power, leading people to lose confidence in the currency and turning to alternative stores of value, such as foreign currencies or commodities. Governments may also need to issue new, more stable currencies to restore trust in the financial system.
What type of resource money?
capital
Money serves as a standard to place value on goods and services what is created?
unit of account
