Asked by
Emily Lupercio
on Oct 12, 2024Verified
Which statement is true?
A) Money may perform as a standard of value or as a store of value,but not both at the same time.
B) The main job of money is a medium of exchange.
C) Money may perform as a standard of value or as a standard of deferred payment,but not both at the same time.
D) Money performs extremely well as a standard of deferred payment in the long run.
Standard of Value
A criterion that allows the value of various goods and services to be compared.
Store of Value
A store of value is an asset that maintains its value over time without depreciating, allowing it to be saved, retrieved, and exchanged at a later time.
Medium of Exchange
A mediating tool or mechanism that enables the buying, selling, or exchanging of products among individuals or groups.
- Recognize the role and features of money in its effectiveness as a medium of exchange, value conservator, value gauge, and account unit.
Verified Answer
SR
Learning Objectives
- Recognize the role and features of money in its effectiveness as a medium of exchange, value conservator, value gauge, and account unit.