It is backed by a valuable asset,
which is also known as secured credit.
Answer: A - As a store of value, which facilitates the accumulation of wealth and value over time
Explanation: Money is defined as a medium of exchange and as a store of value. Money is anything that can be used as an exchange for goods and services. There are various functions of money and they are:
1. Medium of exchange - it can be used to settle all transactions for goods and services.
2. Measure of value - it can be used to measure the worth of goods and services.
3. Store of value -it can be stored now for the future. It is a way to store up wealth for the future.
