What Is the "Store of Value" Function of Money

question 33

Multiple Choice

What is the "store of value" function of money?

• A) a common measurement of the relative value of different goods and services
• B) the ability of money to hold value over time
• C) the quality of money not to be hoarded because of its commodity value
• D) the function of money to be widely accepted I exchange for goods and services

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Definitions:

Customer Relationship Management

A strategy in business that focuses on developing and maintaining lasting relationships with customers to enhance loyalty and retention.

Types of Customers

Refers to the different categories or segments of customers each with their own specific needs, behaviors, and characteristics.

Net Promoter Score

A metric used to gauge the loyalty of a firm's customer relationships, based on how likely customers are to recommend the company to a friend or colleague.

Customer Satisfaction

The measure of how well a company's products or services meet or surpass the expectations of its customers.