Question 5
Money and InflationWhich of the following functions of money makes it possible for any person to provide for old age?
- A.Medium of exchange
- B.Store of value
- C.Measure of value
- D.Unit of account
- E.Standard for deferred payments
Show the answer and explanation
Answer: B (Store of value)
Explanation
Because money can store value, a person can save part of today's income and spend it in old age.