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Sagot :
When people use the money to save for goods and services they will purchase at a later date, they are using money as a Store of Value.
What is a Store of Value?
- Any good or asset that typically retains its value over time serves as a store of value.
- It serves the purpose of being able to be preserved, recovered, and exchanged at a later date and to perform reliably well when retrieved.
- In the modern era, money, currency, or a commodity like a precious metal or financial capital have been the most prevalent stores of value.
- Any store of value should be used for risk management because there is a steady market for the underlying asset.
- One of the three widely acknowledged functions of money is the storage of value. The exchange medium serves as a middleman to prevent the problems caused by the coincidence of wants, among other things.
To learn more about the Store of value refer to:
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