The Store of Value Function Is Defined as the

question 130

Multiple Choice

The store of value function is defined as the

• A)pricing of goods and services in one measure.
• B)exchange of goods and services directly for other goods and services.
• C)holding of money from one transaction to be used later in another transaction.
• D)double coincidence of wants that is used in the debate over barter versus money.
• E)use of money as a medium of exchange.

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Definitions:

Taxable Value

The assessed value of an asset or property that is used to determine the amount of tax owed.

Charitable Bequests

Gifts left in a will or estate plan to a charity or nonprofit organization.

Funeral Expenses

Funeral expenses are the costs incurred in arranging and conducting a funeral, including but not limited to services, casket, and burial or cremation.

Specific Legacy

A bequest of a particular piece of property or a specific asset left to a named beneficiary in a will.