Economy, asked by vipuljain786, 1 year ago

explain the significance of store of value of function of money ?​

Answers

Answered by joanlucy008
3

Answer:

Money is well-suited to storing value because of its purchasing power. It is also useful because of its durability. Because of its function as a store of value, large quantities of money are hoarded. Money's usefulness as a store of value declines if there are significant changes in the general level of prices.

Explanation:

three ways:

Medium of exchange

Store of value.

Unit of account.

Similar questions