When economists say that money serves as a store of value, they mean that it is :_______
a) a monetary unit for measuring and comparing the relative values of goods.
b) a way to keep wealth in a readily spendable form for future use.
c) declared as legal tender by the government a means of payment.

In the case when the economist said that money could be treated as the store of value so this means that it represent one of the functions of money which can be stored and retrieve later onwards

Also it is a monetary unit that could be used for measuring and also compared the goods value

Therefore the option a is correct

When economists say that money serves as a store of value, they mean that it is :_______ a) a monetary unit for measuring and comparing the relative values of goods. b) a way to keep wealth in a readily spendable form for future use. c) declared as legal tender by the government a means of payment.

Answer :

Other Questions

When economists say that money serves as a store of value, they mean that it is :_______
a) a monetary unit for measuring and comparing the relative values of goods.
b) a way to keep wealth in a readily spendable form for future use.
c) declared as legal tender by the government a means of payment.