Ricardo Keeps Some Cash at Home So That It Is

question 64

Multiple Choice

Ricardo keeps some cash at home so that it is available whenever there is an emergency. He has not needed to use it in the past five years, but he feels better knowing that he has this purchasing power available. What is the primary function of money that is represented by Ricardo's action?

• A) store of value
• B) unit of account
• C) commodity value
• D) medium of exchange

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