Question

Bitcoins fail to qualify as "money" because they

Multiple Choice
O
are not traded on the foreign exchange.
function as a standard of value only in USA
don't hold up as a store of value.
are accepted as a medium of exchange in Venezuela.

Answer 1

don't hold up as a store of value.

Step-by-step explanation:

This choice aligns with the fact that many critics of Bitcoin point to its volatility to argue that it does not fulfill the money function of being a stable store of value. However, it is worth noting that perspectives on Bitcoin's status as money can vary widely, with some considering it a new form of money and others pointing out limitations based on traditional characteristics of money.