dylanhen dylanhen

27-06-2024
Social Studies

Answered

Which of the following transactions illustrates money serving the function of a store of value?

A. Amanda routinely uses currency to purchase her groceries.
B. You pay for your oil change using currency.
C. Mia puts money into a piggy bank so she can spend it later.
D. You are planning on having a garage sale, so you put price tags on all your used goods that you want to get rid of.

Answer :

GinnyAnswer GinnyAnswer

27-06-2024

Final answer:

Money serves as a store of value by preserving its worth over time.

Explanation:

A store of value function of money allows it to hold value over time. Money stored in a piggy bank by Mia to spend later exemplifies this function. The money retains its value and can be used for future purchases, showing how money serves as a store of value.

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