In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. For what

Question

2 years ago

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In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. For what

purpose did this person use the money? A. increase trade B. store of value C. medium of exchange D. unit of account E. investment

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1 answer:

Genrish500 [490] · Answer 1 · 2022-01-22T19:38:29+03:00

Genrish500 [490]2 years ago

8 0

Answer:

B. Store of value

Explanation:

A reserve of value is the function of an asset that can be saved, retrieved and exchanged at another time. More generally, a store of value is anything that retains purchasing power in the future.