Sia
Question
Statistics
Posted 10 months ago
Eliza buried money in the backyard to use in an emergency.
Which of the three functions of money is described here?
Choose 1 answer:
A) Bartering
B) Hedge against inflation
(c) Unit of Account
(D) Store of value
(E) Medium of exchange
Sign in to unlock the answer
Answer from Sia
Posted 10 months ago
Solution by Steps
step 1
Identify the function of money that corresponds to keeping wealth over time
Answer
D
Key Concept
Store of value
Explanation
The store of value function of money refers to the ability to save and retrieve money over time, preserving purchasing power for future use.
Not the question you are looking for? Ask here!
Enter question by text
Enter question by image
Unlock Smarter Learning with AskSia Super!
Join Super, our all-in-one AI solution that can greatly improve your learning efficiency.
30% higher accuracy than GPT-4o
Entire learning journey support
The most student-friendly features
Study Other Question