Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
a
money is regarded as a medium of exchange
b
measure for value
c
unit of account
d
store of value
e
standard for deferred payments
Explanation
Correct Option
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Deepthinker581
4 years ago
A store of value is an asset that maintains its value, rather than depreciating. Gold and other precious metals are good stores of value because their shelf lives are essentially perpetual. A nation's currency must be a reasonable store of value for its economy to function smoothly.
