Money's Function as a Store of Value Can Best Be

question 18

Multiple Choice

Money's function as a store of value can best be described as

• A)an agreed measure for stating the prices of goods and services.
• B)a guarantee of a double coincidence of wants.
• C)an efficient means of writing contracts over a long time period.
• D)something that can be held and exchanged later for goods and services.
• E)a generally acceptable exchange system.

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Definitions:

Larger Amounts

Quantities that exceed the standard or expected volume or number in a given context.

Auctions Frequency

The rate or regularity at which auctions are held over a certain period of time.

First-Price Auction

A type of auction in which the highest bidder wins and pays the amount of their bid.

True Values

Genuine or inherent values that are not influenced by external factors.