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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Can you name some item that is a store of value, but does not serve the other functions of money?

To determine

The items which can be used as a store of value but does not serve the other functions of money.

Explanation

Gold, silver are used as both the medium of exchange and the store of value. They are considered to be the currencies. The store of value implies that any type of asset which can be used to shift the purchasing power from the current to the future one. It is not necessary that the money which is used for store of value must be used as a medium of exchange also...

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