Examlex
Which of the following indicates that a decision has precedential value for future cases?
Store of Value
A store of value is an asset that maintains its value over time without depreciating, allowing it to be saved, retrieved, and exchanged at a later time.
Medium of Exchange
A mediating tool or mechanism that enables the buying, selling, or exchanging of products among individuals or groups.
Standard of Deferred Payment
A function of money that allows for goods and services to be paid for at a future date.
M1
Refers to a category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.
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