Money functions as a store of value if it allows you to:<\/p>\n
a. Delay purchases until you want the goods<\/p>\n
b. Increase your confidence in money<\/p>\n
c. Measure the value of goods in a reliable way<\/p>\n
d. Make exchanges in a more efficient manner<\/p>\n
Answer. a. Delay purchases until you want the goods<\/span><\/strong><\/p>\n Value storage takes place when money acts as a postponement device allowing trustees to make purchases based upon what they truly want. Evaluated this way, value of money is stable, such that people can keep their money without the purchasing power of the money causing a change. This allows people to save for the future and make purchases based on what they have saved. Thus, through its function as a store of value, money represents a trade of purchasing power so that those who need it in the present can do so and those who require it in the future can do so as well. Accumulation of wealth, as well as the expectation of future purchases, may in themselves necessitate delayed consumption. Saving, investment, and planning future expenses would be made possible through this capability. Besides that, options such as improving confidence in money, measuring properly the value of goods or to enabling the smoothness of the exchanges are about other functions of money but are not entirely consistent with the store of value function.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Money functions as a store of value if it allows you to: a. Delay purchases until you want the goods b. Increase your confidence in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n