How is money used as a store value?
A. People use money to buy productive resources to make goods and services.
B. People agree that money has value to purchase needed goods and services.
C. People compare the value of different goods and services by their cost in money.***
D. People save money over time for future purchases of goods and services.
Bryan need's a new backpack. He compares the prices of three different backpacks at a local store to find the deal . Which purpose of money is Bryan demonstrating?
A. Unit of account
B. store of value***
C. acceptance of payment
D. medium of exchange
Correct me if i'm wrong please and thank you.
the answers are
A
C
A
Money is a type of asset in an economy that you can use to buy goods and services from other people or businesses. One of the functions of money in an economy is that it serves as a store of value. A store of value is something that people use to transfer purchasing power from the present to the future. While money is an asset that can store value, it's not the only type. Gold and silver, for example, act as stores of value.
Rummy, make sure you don't copy and paste anything from Marylyn's post. She has copied it from somewhere, but didn't cite her exact source.
http://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=store%20of%20value%20is%20something%20that%20people%20use%20to%20transfer%20purchasing%20power
Sorry, I was just trying to help. It will not happen again...:)
Marylyn, it's OK to do that but 1) you need to indicate that it's a quotation and 2) you MUST tell specifically where it came from.
This webpage has excellent explanation and examples so you choose the form that has all the correct information:
http://owl.english.purdue.edu/owl/resource/747/08/