Answered

Suppose the households keep some cash aside in banks to use in case of emergencies. Which function of money is fulfilled in this scenario?
O It acts as a medium of exchange.
It acts as a store of value.
It acts as a unit of account.
O It avoids the problem of double coincidence of wants.
O It has an intrinsic value.



Answer :

GinnyAnswer

Final answer:

Money serves as a store of value when households keep cash aside in banks for emergencies.


Explanation:

Money serves three primary functions: medium of exchange, unit of account, and store of value. When households keep cash in banks for emergencies, it fulfills the function of being a store of value as the money held preserves its worth over time and remains valuable for future use.


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