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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 money and what functions does it serve in the economy?
Money is a medium of exchange that is widely accepted in transactions. It serves as a unit of account, a store of value, and a standard of deferred payment in the economy.
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.
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 money and what functions does it serve in the economy?
Money is a medium of exchange that is widely accepted in transactions. It serves as a unit of account, a store of value, and a standard of deferred payment in the economy.
Why is money valuable?
Money is valuable because it serves as a medium of exchange, store of value, and unit of account in economic transactions. It allows for easier trade and facilitates economic activities by providing a common measure of 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
Explain store of value function of money?
The store of value function of money refers to its ability to maintain purchasing power over time, allowing individuals to save and defer consumption. Money serves as a reliable means to hold wealth, as it can be saved and used in the future without losing significant value. This function is crucial for planning and investment, as it enables people to accumulate wealth and make future purchases. However, its effectiveness can be influenced by factors such as inflation, which can erode the value of money over time.
