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The fact that money "enables people to transfer purchasing power from the present to the future" refers to the ______ function of money.

A) unit of value
B) store of value
C) unit of account
D) medium of exchange

User Kizmar
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2 Answers

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The fact that money "enables people to transfer purchasing power from the present to the future" refers to the store of value function of money.

Answer: Option B

Explanation:

A store of significant worth (value) is the capacity of a benefit that can be spared, recovered and traded sometime in the not too distant future, and be typically helpful when retrieved. More, for the most part, it is whatever holds acquiring power into what's to come.

The most widely recognised store of significant worth in current occasions has been cash, money, or a product like a valuable metal or budgetary capital. Its purpose has hazarded the executives because of the steady interest in the fundamental resource.

Cash is perhaps the best of it on account of its liquidity, that is, it can without much of a stretch be traded for different merchandise and services A person's riches is the aggregate of all stores of values including both money related and non-monetary resources.

User Naama Katiee
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Answer: B

Step-by-step explanation:

The fact that money "enables people to transfer purchasing power from the present to the future" refers to the STORE OF VALUE function of money.

User Gbdavid
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