Statement I: One job of money is as a store of value.
Statement II: Money may perform as a standard of value or as a medium of exchange,but not both at the same time.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Question

Marloes Wedzinga · Accepted Answer

Final Answer : A, Explanation :  Statement I is true because one of the primary functions of money is to serve as a store of value, meaning it can be saved and used to purchase goods or services at a later time.Statement II is false because money can operate as both a standard of value and a medium of exchange simultaneously. It serves as a standard of value by providing a common unit of measurement for the worth of goods and services, and it serves as a medium of exchange by facilitating transactions between individuals or businesses.

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