Question

what is ment by store of value

Answer 1

A commodity, currency or other type of capital that is tradable and can be stored for future use. It is a fundamental component of the economic system because it allows trade to occur with items that have inherent value. An example of a store of value is currency, which can be exchanged for goods and services. If the value of currency becomes unpredictable, such as in times of hyperinflation, investors and consumers will shift to alternative stores of value, such as gold, silver, precious stones and real estate.

hope that it was helpful

Answer 2

People like to keep a part of their earning as saving. The act of this is performed through money.This is because money is durable and it is also easy to save money. Unlike other commodity...money is not easily perishable by its store ,money can be easily transformed into commodity.The people generally desire to store money for future security...future transactions...and future income It is thus highly beneficial to store money for future uses.....