When Economists Refer to the Role of Money as a Store

question 46

Multiple Choice

When economists refer to the role of money as a store of value, they mean that

• A)money never loses its value, unlike other assets.
• B)money allows value to be stored easily.
• C)the value of money falls only when the quantity of money in circulation falls.
• D)the value of money falls only when the quantity of money in circulation rises.

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Definitions:

Population Growth

The increase in the number of individuals in a population, often considered for a specific area and time period.

Food Supply

The total amount of food available for consumption by a population, affecting nutritional status and food security.

Thomas Malthus

An English scholar known for his theories on population growth and its impacts on resources.

Per Capita GDP

A measure of the average economic output per person in a country, calculated by dividing the country's gross domestic product by its total population.