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19 May 2018

Is money the only store of value? If not, give some other examples of stores of value. (1 point)

Must money be a store of value to serve its function of

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Reid Wolff
Reid WolffLv2
21 May 2018

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Related questions

A13. Credit cards are considered to be "money substitutes" instead of money because (A) (B) (C) (D) (E) they cannot serve as a temporary medium of exchange. credit card accounts are not chequable. money must eventually be used to pay for the transaction. the only function of money they can perform is to serve as a store of value. they are not acceptable to pay for purchases.

If an economy used gold as money, its money would be

a.commodity money, but not fiat money.

b.fiat money, but not commodity money.

c.both fiat and commodity money.

d.functioning as a store of value and as a unit of account, but not as a medium of exchange

1. To say money is socially defined means that:

A) the money supply includes all public and private securities purchased by society.

B) whatever performs the functions of money extremely well is considered to be money.

C) society, acting through Congress, specifies what shall be included in the money supply.

D) money has been defined in a Constitutional amendment.

Ā 

2.Ā Money functions as:

A) a medium of exchange.

B) a store of value.

C) a unit of account.

D) all of these.

Ā 

3.Ā If you are estimating your total expenses for school next semester, you are using money primarily as:

A) a store of value.

B) an economic investment.

C) a unit of account.

D) a medium of exchange.

Ā 

4.Ā If you place a part of your summer earnings in a savings account, you are using money primarily as a:

A) medium of exchange.

B) store of value.

C) standard of value.

D) unit of account.

Ā 

5.Ā If you write a check on a bank to purchase a used Honda Civic, you are using money primarily as:

A) a store of value.

B) a medium of exchange.

C) a unit of account.

D) an economic investment.Ā 

Ā 

6.Ā  A $70 price tag on a sweater in a department store window is an example of money functioning as a:

A) standard of deferred payments.

B) medium of exchange.

C) unit of account.Ā 

D) store of value.

Ā 

7.Ā Stock market price quotations best exemplify money serving as a:

A) index of satisfaction.

B) store of value.

C) medium of exchange.

D) unit of account.Ā 

Ā 

8.Ā Ā Purchasing common stock by writing a check best exemplifies money serving as a:

A) medium of exchange.Ā 
Ā 
B) unit of account.
Ā 
C) index of satisfaction.
Ā 
D) store of value.

Ā 

Ā 

Ā 

Ā 

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