EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
5th Edition
ISBN: 8220106799727
Author: Mishkin
Publisher: PEARSON
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Chapter 3, Problem 7Q
To determine

Was money a better store of value in the United States in the 1950s than in the 1970s? Why or why not? In which period would you have been more willing to hold money?

Concept Introduction:

Store of value function of money - Money performs various functions. One of them is the store of value function. Thus, people store their wealth and assets in the form of money.

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