Question

Bryan needs a new backpack. He compares the prices of three different backpacks at a local store to find the best deal. Which purpose of money is Bryan demonstrating?

A) Unit of account
B) Store of value
C) Acceptance of payment
D) Medium of exchange

Answer 1

I believe the answer is: B. Store of value

Store of value means that money could be exchanged into assets, and then stored before it could be exchanged into money again in the future.

in the example above, the stores did exactly this function in their operation. They buy bags at lower price, keep it in their stores, and sell it again in higher price.