In Which of the Following Situations Does Money Serve as a Store

question 31

Multiple Choice

In which of the following situations does money serve as a store of value?

• A) Money rapidly gains and loses value over time.
• B) Money loses a constant amount of value over time.
• C) Money can be used to purchase approximately the same amount of goods over time.
• D) Money encourages a double coincidence of wants.
• E) Money is accepted by all merchants.

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Definitions:

402A

A section of the Restatement (Second) of Torts, which sets out the principle of strict liability for harm caused by defective products.

Misuse Or Abuse

Wrong or excessive use of something that can lead to harm or damage.

Implied Warranties

Guarantees legally assumed in a transaction, suggesting that the product sold will meet certain standards of quality and reliability.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk regarding the quality and condition of the item purchased.