The Stored Value of Money Over Time Should Not Change

question 17

Multiple Choice

The stored value of money over time should not change significantly as long as the level of inflation is

• A) high.
• B) low.
• C) adjusted by the government.
• D) less than your pay increases.

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Definitions:

Impostor

An individual who deceitfully pretends to be someone else in order to gain a benefit or deceive others.

Restrictive Indorsement

A condition placed on the transfer of a negotiable instrument that limits its use or payment to a specific purpose or party.

Converted

Refers to the change of something from one form or function to another, such as converting securities into another type of financial asset.

Negligent

Failing to take proper care in doing something, which results in harm or damage to someone or something.