Which of the Following Defines the "Store of Value" Function

question 10

Multiple Choice

Which of the following defines 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) That the materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
• D) That money is widely accepted in exchange for goods and services.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust to market conditions.

Plant Size

The physical capacity or scale of a manufacturing facility, which can influence production output and operational efficiency.

Factors Of Production

The resources used in the creation of goods or services, traditionally categorized into land, labor, capital, and entrepreneurship.

Short Run

A period in economics where at least one input (like capital) is fixed, limiting the ability of a firm to adjust fully to market changes.