What function of money is highlighted if someone puts cash under his or her mattress to have on hand for unexpected emergencies?

Question

Allushta [10]

3 years ago

6

What function of money is highlighted if someone puts cash under his or her mattress to have on hand for unexpected emergencies?

Choose one: A. commodity money B. unit of account C. medium of exchange D. fiat money E. store of value

Social Studies

1 answer:

scZoUnD [109] · Answer 1 · 2022-04-17T22:02:09+03:00

Answer:

E. Store of value

Explanation:

A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. More generally, a store of value is anything that retains purchasing power into the future, as seen for someone putting cash under the mattress.