Question

When making a deposit into a financial institution, such as a bank, this BEST reflects which function of money?

A)Store of value
B)Unit of account
C)Standard of Value
D)Medium of exchange

Answer 1

The correct answer is option A)Store of value .

Step-by-step explanation:

Depositing money in a bank, for example, reflects the store of value function.

This means that the money the bank receives is stored, used or exchanged in different interactions.

As it is in constant use, it will not lose its value. In fact, bank money is one of the most important values in an economy, since it is used for the acquisition and exchange of other types of goods.

Given this information we can say that the correct answer is option A.

Answer 2

The correct answer is A

Step-by-step explanation:

Money is the term which is described as something which serves as exchange medium, store of value and a unit of accounting. It is a exchange medium in the terms, that the person will agree to receive it by making a transaction.

So, when depositing the money into any financial institution like banks, then this states the store of value function of the money.