The Store of Value Characteristic of Money Refers to the Fact

question 105

Multiple Choice

The store of value characteristic of money refers to the fact that:

• A)People save most of their money
• B)Sellers are less likely to accept perishable goods in exchange for goods they sell
• C)Money is not valuable unless it is stored
• D)Money is the only way people have to store value

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Definitions:

Enforcing Contracts

The legal process of ensuring that parties to a contract fulfill their obligations as specified in the contract.

World Bank

An international financial institution that provides loans and grants to the governments of poor countries for the purpose of pursuing capital projects.

Accord and Satisfaction

A legal settlement where an agreement is made to satisfy a debt or claim, followed by the actual performance of this agreement, which discharges the original claim.

Accord and Satisfaction

A legal agreement where a dispute is settled by the parties involved, wherein one agrees to accept less than what's owed and the other agrees to forgive the remainder.