Question

When money is deposited in the bank for later use, it is a _____. medium of exchange store of value unit of account

Answer 1

When a money is deposited in the bank for later use, it is a store of value or may call it as savings.
You are saving your money in a bank without investing it. Just purely storing it in a bank to be withdraw later on for future usage.

Answer 2

When money is deposited in the bank fo later use, it is a store of value. When describing money, medium of exchange, store of value and unit of account are all terms that describe the use of money. Money is used as a medium of exchange for a good or service. Money is a unit of account because it varies in the unit it is worth. Money is also a store of value because it is something that can be put away and kept for future use so it is being stored at the value it holds.