A Disadvantage of Using Money as a Store of Value

question 52

Multiple Choice

A disadvantage of using money as a store of value is that

• A) money is not portable.
• B) it requires a double coincidence of wants.
• C) currency is intrinsically worthless.
• D) the value of money falls when the prices of goods and services rise.

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Definitions:

Mortgage Owes

Refers to the outstanding balance or the amount still owed by a borrower on their mortgage loan.

Open Mortgage

A type of mortgage that can be paid off, in full or in part, at any time without penalty, offering flexibility in repayment.

Final Order of Foreclosure

A legal decision by a court to permanently transfer ownership of property from the borrower to the lender due to default on the mortgage.

Power of Sale

A legal clause found in mortgages or deeds of trust that gives the lender the right to sell the property without court supervision if the borrower defaults.